The Risk Register Flashcards

During which process is the risk register first created?

Answer: Identify Risks

The risk register is initially created as an output of the Identify Risks process.

Which element is typically NOT recorded in the risk register at the moment of risk identification?

Answer: Detailed quantitative cost impact in dollars

Detailed quantitative cost impacts are added later during Perform Quantitative Risk Analysis, not at identification.

What does the 'risk owner' field in the risk register designate?

Answer: The person responsible for monitoring the risk and its response

The risk owner is the person responsible for monitoring the risk and ensuring the response is carried out.

After Plan Risk Responses, what new information is added to the risk register?

Answer: Agreed-upon response strategies and response owners

Plan Risk Responses adds chosen strategies, actions, response owners, and contingency plans to the register.

How does the risk register differ from the risk report?

Answer: The register lists individual risks; the report summarizes overall project risk and individual risk info

The risk register details individual project risks, while the risk report presents sources of overall project risk plus summary information.

A risk's status is updated to 'closed' in the register when:

Answer: The risk can no longer occur or its trigger window has passed

A risk is closed when it can no longer occur or has been fully resolved.

Which document feeds risk-related lessons into organizational process assets at project close?

Answer: The risk register and risk report

Final versions of the risk register and risk report capture lessons learned for organizational process assets.