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Documenting the effectiveness of risk responses in dealing with identified risks and their root causes is known as __________________________.
risk audits
risk reassessment
meetings
reserve analysis
This is a standard definition used in the PMBOK Guide, page 351 under Project Risk Management under controlling risks process. Risk Audits Risk audits examine and document the effectiveness of risk responses in dealing with identified risks and their root causes, as well as the effectiveness of the risk management process. The project manager is responsible for ensuring that risk audits are performed at an appropriate frequency, as defined in the project’s risk management plan. Risk audits may be included during routine project review meetings, or the team may choose to hold separate risk audit meetings. The format for the audit and its objectives should be clearly defined before the audit is conducted.
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