Tracking and Recording New Items in Project Risk Management

D.

When a risk event occurs, the best document to record and track new items corresponding to the risk is the Risk Register.

The Risk Register is a document that is used to track identified risks throughout the project life cycle. It contains information about the identified risks, their likelihood, potential impact, and proposed mitigation strategies. The Risk Register is a dynamic document that is updated as new risks are identified, existing risks are reassessed, and risks are either resolved or realized.

When a risk event occurs, the Risk Register is updated with the details of the event, including the nature of the event, its impact, and any actions taken to mitigate the risk. This information is important to ensure that the project team is aware of the risk and can take appropriate action to manage it.

The other options listed in the answer choices are also project management documents, but they serve different purposes:

• The Issue Log is used to track issues that arise during the project. These are different from risks, as risks are potential future events that have not yet occurred, while issues are current problems that need to be addressed.
• The Risk Management Plan outlines the approach that the project team will take to manage risks throughout the project. It provides guidance on risk identification, analysis, response planning, and monitoring and control.
• The Communications Plan outlines the communication strategy for the project, including the stakeholders, frequency, format, and channels of communication.
• The Status Report provides a summary of the project's current status, including progress, issues, risks, and upcoming milestones.

In summary, when a risk event occurs, the Risk Register is the best document to record and track new items corresponding to the risk, as it is specifically designed for this purpose.