PRINCE2-FOUNDATION practice question 21 of 35
Which is a purpose of the Risk Register?
Full set: 478 questionsThe purpose of the Risk Register is to provide a comprehensive record of all identified risks relating to the project. It serves as a diary for risk management activities, capturing details such as risk identification, assessment (probability, impact, proximity), responses, and status. This management product is created during the Initiating a Project process and is dynamically updated throughout the project's lifecycle. It ensures that all risks are documented, monitored, and controlled effectively, providing a single point of reference for the project's risk landscape.
A. The risk management approach document, not the Risk Register, describes the techniques, standards, and procedures to be applied to the project.
C. The Issue Register is the correct repository for formal and informal issues; the Risk Register is specifically for risks (potential events).
D. Responsibilities for risk management are defined in the risk management approach and in role descriptions, not listed in the Risk Register.
AXELOS. (2023). Managing Successful Projects with PRINCE2® 7th Edition. TSO (The Stationery Office). Section A.23.1 (Purpose of the Risk Register), p. 356.
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Other PRINCE2-FOUNDATION practice questions
- Question 1How should effective issue management be applied When changing management products?
- Question 2Which is one of the six aspects of project performance to be managed?
- Question 3Which is a benefit of using PRINCE2?
- Question 4Which is an assumption about the PRINCE2 customer/supplier environment?
- Question 5What is an advantage of applying the 'manage by stages' principle?
- Question 6Which is a minimum requirement for applying the quality theme?
