A risk is identified early in the project. After six months, it is determined that the risk does not apply to this particular project. How should the risk be handled by the risk manager?
A.
Ignore the risk and concentrate only on the pertinent risks.
B.
Remove the risk from the risk register and inform the project manager that it is no longer valid.
C.
Close the risk during the next risk board meeting and keep it in the risk register.
D.
Conduct a risk analysis to determine how an inappropriate risk was formally accepted.
"It does not apply to this *particular* project".
It did not say that "it does not apply to this project anymore".
If the risk was an error >> option B
If the risk is outdated >> option C
Never remove a risk from the risk register as this will be input for future lessons learned. But you have to close it and return the CR back to the organization.
1. Standard has it that you don't delete any risk from the register .
Also the best answer is to escalate the risk to the appropriate project it may affect.
The risk was identified, assessed, and evaluated at the initial instance
There may be reasons why the risk does not apply: maybe the scope has been completed or removed but no matter the reason, the risk is closed and still maintained in the register. You can audit a risk register to determine appropriateness.
D is used when referring to issues and problems. Like when a risk occurs that was not identified or the actual impact of a risk is greater than the assessed impact or the response did not accurately mitigate or avoid the risk
usually where the frequency is very high on the project
If a single risk that was not identified occurs, we use work around but where many of them are occurring, we carry out investigations
A is correct.
Risks that have been managed, avoided, or are no longer relevant can be removed from the risk register. The associated risk action plans can also be deleted from the risk registers
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