Management has asked you to perform a risk audit and report back on the results. Bonny, a project team member asks you what a risk audit is. What do you tell Bonny?
A. A risk audit is a review of the effectiveness of the risk responses in dealing with identified risks and their root causes, as well as the effectiveness of the risk management process.
B. A risk audit is a review of all the risks that have yet to occur and what their probability of happening are.
C. A risk audit is an audit of all the risks that have occurred in the project and what their true impact on cost and time has been.
D. A risk audit is a review of all the risk probability and impact for the risks, which are still present in the project but which have not yet occurred.
Answer:A
Management has asked you to perform a risk audit and report back on the results. Bonny, a project team member asks you what a risk audit is. What do you tell Bonny?
A. A risk audit is a review of the effectiveness of the risk responses in dealing with identified risks and their root causes, as well as the effectiveness of the risk management process. B. A risk audit is a review of all the risks that have yet to occur and what their probability of happening are. C. A risk audit is an audit of all the risks that have occurred in the project and what their true impact on cost and time has been. D. A risk audit is a review of all the risk probability and impact for the risks, which are still present in the project but which have not yet occurred.