You work as a project manager for BlueWell Inc. You are working with Nancy, the COO of your
company, on several risks within the project. Nancy understands that through qualitative analysis
you have identified 80 risks that have a low probability and low impact as the project is currently
planned. Nancy’s concern, however, is that the impact and probability of these risk events may
change as conditions within the project may change. She would like to know where will you
document and record these 80 risks that have low probability and low impact for future reference.
What should you tell Nancy?

A.
Risks with low probability and low impact are recorded in awatchlist for future monitoring.

B.
All risks, regardless of their assessed impact and probability, are recorded in the risk log.

C.
Risk identification is an iterative process so any changes to the low probability and low impact
risks will be reassessed throughout the project life cycle.

D.
All risks are recorded in the risk management plan.