The Role of a Risk Owner in Project Management

C.

A risk owner is an individual or group responsible for managing a specific risk within a project. This person is accountable for identifying, assessing, and developing a plan to mitigate, avoid, transfer or accept the risk.

Option A, "Best placed to keep an eye on the risk" is not a complete definition of a risk owner, as it only describes one aspect of the risk owner's role.

Option B, "Carry out the response actions to a risk" is also not a complete definition of a risk owner. While the risk owner may be involved in implementing the response actions to a risk, this is not the primary responsibility of a risk owner.

Option C, "Responsible for management, monitoring and control of all aspects of a risk" is the most accurate description of a risk owner. This statement captures the full scope of the risk owner's responsibility, which includes the identification, assessment, response planning, monitoring, and controlling of the risk.

Option D, "Reports to the project manager regularly on the status of a risk" is a specific aspect of the risk owner's role, but it does not capture the full scope of responsibilities that a risk owner holds.

Therefore, the correct answer is C, "Responsible for management, monitoring and control of all aspects of a risk."