Recommended Risk Management Procedure

A.

The recommended risk management procedure in project management involves identifying, assessing, and controlling risks that could impact a project's objectives. It is an essential process that allows project managers to proactively identify potential risks, assess their impact and likelihood, and develop a plan to control or mitigate those risks.

Option A, "A budget to investigate issues is allocated," is not an accurate description of the risk management procedure. While budgeting for risk management activities is essential, it is not the only component of the procedure. Risk management involves a range of activities, including risk identification, assessment, planning, and implementation.

Option B, "Risk management practices are reviewed to ensure that they are performed effectively," is a critical aspect of the risk management procedure. After the initial risk management plan is developed, it is essential to review and assess the plan's effectiveness regularly. This helps to ensure that the project team is appropriately managing risks and that any new risks are identified and addressed.

Option C, "Information about risks to the projects is sent to project stakeholders," is another essential component of the risk management procedure. Project stakeholders, including project sponsors, team members, and other stakeholders, must be kept informed about potential risks that could impact the project's objectives. Providing regular updates and communicating any changes to the risk management plan can help stakeholders make informed decisions and take appropriate actions.

Option D, "Conflicts between the project and the programme board are resolved," is not a component of the risk management procedure. While conflicts may arise during the project management process, they are typically addressed through conflict resolution processes, such as negotiation, mediation, or arbitration.

In summary, option B and option C are part of the recommended risk management procedure in project management. Risk management practices must be reviewed to ensure their effectiveness, and information about risks must be communicated to project stakeholders. Option A and Option D are not part of the risk management procedure.