|
v
Correct
You
work
as
a
project
manager
for
BlueWell
Inc.
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
will
you
tell
Bonny?
A
A
risk
audit
is
an
audit
of
all
the
risks
that
have
occurred
in
the
project
and
what
their
true
impact
on
cost
and
time
has
been.
B
A
risk
audit
is
a
review
of
all
the
risks
that
have
yet
to
occur
and
what
their
probability
of
happening
is.
C
A
risk
audit
is
a
review
of
all
the
risk
probability
and
impact
of
the
risks,
which
are
still
present
in
the
project
but
which
have
not
yet
occurred.
v
D
D
A
risk
audit
is
a
review
of
the
effectiveness
of
the
risk
responses
in
dealing
with
identified
risks
and
their
root
causes,
as
well
as
the
effectiveness
of
the
risk
management
process.
Explanation
Answer
D
is
correct.
A
risk
audit
is
a
method
to
test
the overall
risk
management
process
and
the
planned
risk
responses.
A
risk
audit
is
a
review
of
the
effectiveness
of
the
risk
responses
in
dealing
with
identified
risks
and
their
root
causes,
as
well
as
the
effectiveness
of
the
risk
management
process.
Answer
A
is
incorrect
because
this
defines
the
quantitative
analysis
of
the
risk
events
that
have
occurred.
Answers
B
and
C
are
incorrect
because
these
define
risk
analysis,
part
of
project
risk
management
planning.
