Which describes the 'Implement' step within the recommended risk management procedure?
A) Project Support will allocate the risk budget to fund the selected risk responses
B) The risk owner will decide the best response to control the risk
C) The risk owner and the risk actioner will carry out activities to control and deal with the risk
D) The Project Manager will formulate the Risk Management Strategy

Question

Quizplus · Accepted Answer

The 'Implement' step involves the risk owner and the risk actioner carrying out activities to control and deal with the identified risk. This includes executing the chosen risk response strategies and monitoring progress to ensure the risk is adequately controlled. Project support may provide funding, but this is not specific to the 'Implement' step. The risk owner decides on the best response during the 'Plan' step, and the Project Manager formulates the Risk Management Strategy during the 'Identify' step.

Which Describes the 'Implement' Step Within the Recommended Risk Management