Billy is the project manager of the HAR Project and is in month six of the project. The project is scheduled to last for 18 months. Management asks Billy how often the project team is participating in risk reassessment in this project. What should Billy tell management if he’s following the best practices for risk management?

A.
Project risk management happens at every milestone.

B.
Project risk management is scheduled for every month in the 18-month project.

C.
Project risk management has been concluded with the project planning.

D.
At every status meeting the project team project risk management is an agenda item.

Explanation:

Risk management is an ongoing project activity. It should be an agenda item at every project status meeting.

Answer option A is incorrect. Milestones are good times to do reviews, but risk management should happen frequently.

Answer option B is incorrect. This answer would only be correct if the project has a status meeting just once per month in the project.

Answer option C is incorrect. Risk management happens throughout the project as does project planning.

Reference: Chapter 11. A Guide to the Project Management Body of Knowledge, (PMBOK Guide), Fourth Edition, ISBN:9781933890517, Section 11.6.2.1.