Who is responsible for reviewing the risk management practices to ensure they are in line with the project's risk management strategy?
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A. B. C. D.D.
The correct answer to this question is D. Project Assurance.
Project Assurance is responsible for ensuring that the project is being executed according to the project management methodology and standards set by the organization. One of the key responsibilities of Project Assurance is to review the risk management practices to ensure they are in line with the project's risk management strategy.
The risk management strategy is typically developed by the project manager in consultation with the project team and stakeholders. The strategy outlines how risks will be identified, assessed, and managed throughout the project lifecycle. It also defines the roles and responsibilities of all stakeholders involved in the risk management process.
Once the risk management strategy has been established, it is important to ensure that the project team is following it. This is where Project Assurance comes in. They are responsible for reviewing the project's risk management practices to ensure they align with the risk management strategy.
Project Assurance typically conducts periodic reviews of the project to assess its progress and identify any issues or areas where improvements can be made. They also review the project's risk management practices to ensure that risks are being identified, assessed, and managed effectively.
In summary, while the Project Manager is responsible for developing the risk management strategy, it is Project Assurance's responsibility to review the risk management practices to ensure they are in line with the project's risk management strategy.