Scenario A photographer from Portraits Ltd, a professional photographic company, has taken on the role of Team Manager after taking some time to…

The question asks for statements that should be recorded under the "Timing of risk management activities" heading within the Risk Management Approach document. This section specifies when formal risk management activities will occur throughout the project lifecycle.

Option E is correct because checking risk exposure when authorizing a stage is a mandatory, timed activity for the Project Board within the 'Managing a Stage Boundary' process. It ensures the project's ongoing viability.

Option C is correct as it describes a crucial risk management activity performed at a specific time: "When closing a project". This ensures that risks related to the post-project realization of benefits are identified and passed on for future action, which is a key part of the 'Closing a Project' process.

A. This is an overly specific operational detail for one supplier in one stage, not a general procedural statement for the project's overall Risk Management Approach.

B. The frequency of Project Board meetings is a project control defined in the Communication Management Approach, not a specific risk management timing activity.

D. This describes poor practice. Risks must be escalated as soon as they are identified, not delayed until the completion of a Work Package.

1. AXELOS. (2017). Managing Successful Projects with PRINCE2® 2017 Edition. The Stationery Office Ltd.

Page 353

Appendix A

Section A.23.2 (Risk Management Approach): This section lists the required contents for the Risk Management Approach. Under the heading "Timing of risk management activities

" it states this section should define "when formal risk management activities are to be undertaken (e.g. at the end of stages)". Options C (at project closure) and E (at stage authorization) are perfect examples of such formal

timed activities.

Page 289

Section 23.4.3 (Activity: Prepare for the stage boundary): This section confirms that the Project Manager must "review and

if necessary

update the Risk Register" in preparation for the end stage assessment

directly supporting option E.

Page 299

Section 24.4.4 (Activity: Evaluate the project): As part of closing a project

the Project Manager must "ensure that any follow-on action recommendations related to unfinished work

ongoing issues and risks... are included

" which directly supports option C.

2. The Open University. (n.d.). M815: Project Management. Courseware.

In its discussion of PRINCE2 processes

the courseware emphasizes that risk is formally reviewed at key control points

particularly at the end of each management stage before the Project Board authorizes continuation. This aligns with option E. It also highlights that project closure involves ensuring a clear handover of any outstanding risks that may affect benefits after the project

aligning with option C.