PMI Risk Management Professional Practice Exam

Question: 1 / 400

What is the best way to keep the risk register a living document?

Devote a block of time to risk discussions during regular meetings.

The best way to keep the risk register a living document is to devote a block of time to risk discussions during regular meetings. This approach ensures that risk management becomes an integral part of the project team's ongoing dialogue and activities. By intentionally allocating time specifically for discussing risks, the team can continuously identify, assess, and manage new and existing risks throughout the project's lifecycle. This regular, structured opportunity encourages all team members to stay engaged with the risk register, making it more likely that risks will be updated and addressed promptly.

Engaging in regular discussions helps the team keep the risk management process dynamic, ensuring potential risks are not overlooked and that mitigation strategies are continually evaluated and adjusted as needed. This practice fosters a proactive risk culture within the team, enhancing their overall risk awareness and responsiveness.

While having a vetted template can provide a good foundation, it does not automatically lead to the regular updates and active engagement needed for a risk register to remain alive and relevant. Similarly, requiring risk audits can indeed be useful in assessing the effectiveness of risk management processes but may not drive the daily or weekly updates necessary for a living document. Setting a policy for team members to bring up new risks is valuable too; however, without dedicated time for discussion, those risks might not receive the attention

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Use a risk register template vetted on prior successful projects.

Require risk audits.

Set a policy that team members can bring up new risks at any meeting.

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