After the team determines the impacts a risk will have on the project, what is the next best step?

After the team determines the impacts a risk will have on the project, what is the next best step?

• A. Identify more risks
• B. Transfer the risk
• C. Accept the risk
• D. Assign the risk

Answer: (D)

Assigning ownership of the risk to a specific person or team is the next step after you’ve understood how the risk could impact the project. With a defined risk owner, there’s accountability for monitoring triggers, implementing the chosen response, and updating actions as conditions change. This ownership makes it possible to move from simply identifying and analyzing risks to actively managing them, whether the plan is to mitigate, transfer, avoid, or accept the risk. Without an owner, there’s no clear person responsible for taking action or reporting on progress, which delays or excuses the risk response.

Assigning ownership of the risk to a specific person or team is the next step after you’ve understood how the risk could impact the project. With a defined risk owner, there’s accountability for monitoring triggers, implementing the chosen response, and updating actions as conditions change. This ownership makes it possible to move from simply identifying and analyzing risks to actively managing them, whether the plan is to mitigate, transfer, avoid, or accept the risk. Without an owner, there’s no clear person responsible for taking action or reporting on progress, which delays or excuses the risk response.