Documenting Risk Responses and Status | HJK Project Management
Question
You are the project manager of the HJK Project for your organization.
You and the project team have created risk responses for many of the risk events in the project.
Where should you document the proposed responses and the current status of all identified risks?
Answers
Explanations
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As a project manager, documenting the proposed risk responses and the current status of all identified risks is essential to managing the project risks. This documentation helps to ensure that the project team is aware of the risks, the proposed responses, and the current status of the risks.
The document where you should document the proposed responses and the current status of all identified risks is the risk register. The risk register is a document that is used to track all the risks identified in the project, along with their potential impact and likelihood, and the proposed risk response.
The risk register is a living document that should be updated regularly throughout the project as new risks are identified, and the status of existing risks changes. The risk register should be reviewed and updated at regular intervals during the project life cycle, such as during project status meetings, risk reviews, and project closeout.
The risk management plan is a document that outlines how risks will be managed throughout the project. It includes the risk management process, roles and responsibilities, risk assessment criteria, and risk monitoring and control procedures. While the risk management plan may include the proposed responses and the current status of identified risks, it is not the primary document for tracking risks.
The stakeholder management strategy is a document that outlines how stakeholders will be managed throughout the project. It includes stakeholder identification, analysis, communication, and engagement. While the stakeholder management strategy may include some information on risks, it is not the primary document for tracking risks.
The lessons learned documentation is a document that captures the project team's experience and knowledge gained throughout the project. While it may include information on risks and risk responses, it is not the primary document for tracking risks.
In summary, the risk register is the document where the proposed responses and the current status of all identified risks should be documented. It is a living document that should be updated regularly throughout the project.
