Level of Detail for Updating Risk Register
Question
Lisa is the project manager of the SQL project for her company.
She has completed the risk response planning with her project team and is now ready to update the risk register to reflect the risk response.
Which of the following statements best describes the level of detail Lisa should include with the risk responses she has created.
Answers
Explanations
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A. B. C. D.D.
When updating the risk register to reflect the risk response, Lisa should include sufficient detail to ensure that the risk response is clear and can be easily implemented. The level of detail required for the risk response is primarily based on the priority ranking of the risk, but there are other factors that could influence the level of detail required. Therefore, option D is the correct answer.
The priority ranking of the risk is determined by the likelihood and impact of the risk occurring. Risks with higher priority should have a more detailed risk response plan than risks with lower priority. For example, if a risk has a high probability of occurring and its impact is significant, then the risk response plan should be detailed and specific to ensure that the risk is adequately addressed.
Other factors that could influence the level of detail required for the risk response plan include the complexity of the project, the resources available, and the level of risk tolerance of the organization. If the project is complex, then a detailed risk response plan may be necessary to ensure that all aspects of the risk are addressed. If the resources available are limited, then the risk response plan may need to be less detailed to ensure that the plan can be implemented with the available resources. The level of risk tolerance of the organization can also impact the level of detail required for the risk response plan. If the organization has a low risk tolerance, then a detailed risk response plan may be necessary to ensure that all risks are adequately addressed.
In summary, the level of detail required for the risk response plan should correspond with the priority ranking of the risk. However, other factors such as the complexity of the project, the resources available, and the level of risk tolerance of the organization can also impact the level of detail required. Therefore, the correct answer is D - "The level of detail should correspond with the priority ranking."
