Discover the key purpose of the Risk Register in PRINCE2 Foundation. Learn how it serves as a central record for identified project risks and its role in effective risk management.
Table of Contents
Question
Which is a purpose of the Risk Register?
A. Describe the risk management techniques and standards to be applied to the project
B. Act as a central record of information relating to the identified risks for the project
C. Act as a repository for informal issues
D. List the responsibilities for achieving an effective risk management procedure
Answer
B. Act as a central record of information relating to the identified risks for the project
Explanation
The Risk Register is a crucial document in PRINCE2 that serves as a central repository for all information related to the identified risks in a project. It captures essential details such as risk descriptions, probability, impact, risk owners, and planned responses. By maintaining a comprehensive Risk Register, project teams can effectively monitor, track, and communicate risks throughout the project lifecycle, ensuring that risks are properly assessed, prioritized, and managed. The Risk Register enables informed decision-making and facilitates proactive risk management, contributing to the overall success of the project.
PRINCE2 Foundation certification exam practice question and answer (Q&A) dump with detail explanation and reference available free, helpful to pass the PRINCE2 Foundation exam and earn PRINCE2 Foundation certification.