Management has asked you to perform a risk audit and report back on the results. Bonny, a project team member asks you what a risk audit is. What do you tell Bonny?
Question:
What do you tell Bonny?
Options:
A risk audit is a review of all the risks that have yet to occur and what their probability of happening are.
A risk audit is a review of the effectiveness of the risk responses in dealing with identified risks and their rootcauses, as well as the effectiveness of the risk management process.
A risk audit is a review of all the risk probability and impact for the risks, which are still present in the projectbut which have not yet occurred.
A risk audit is an audit of all the risks that have occurred in the project and what their true impact on costand time has been.
Correct Answer
The Correct Answer for this Question is
A risk audit is a review of the effectiveness of the risk responses in dealing with identified risks and their rootcauses, as well as the effectiveness of the risk management process.
