Discussion
Consider the following statements about programme risk:
1. A risk register records likelihood, impact and mitigation.
2. Low technology readiness at design freeze is a schedule risk.
3. Recording a risk is sufficient to manage it.
Which of the statements given above is or are correct?
Answer: C
Correct answer: 1 and 2 only
Statements 1 and 2 are correct. Statement 3 is the failure mode of risk management: a register that is written and then filed changes nothing. A risk is managed only when someone owns it, a mitigation is funded and scheduled, the residual likelihood and impact are reassessed as work proceeds, and a trigger point is agreed at which the fallback is invoked.
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