Project Management Professional (PMP) Exam Practice – Question1601

What is the primary difference between a risk audit and a risk reassessment?


A.
A risk reassessment is conducted at the completion of a major phase; audits are conducted after the project is complete.
B. Project stakeholders conduct risk audits; management conducts reassessments.
C. Risk reassessments are regularly scheduled; risk audits are performed as defined in the project's risk management plan.
D. There is no difference; they are virtually the same.

Correct Answer: C

Explanation:

Explanation:
Risk reassessment is an ongoing activity by the project team. Risks should be discussed at every status meeting. Risk audits are performed during the project life cycle to examine and document the effectiveness of risk responses. They are conducted at
appropriate frequencies as defined in the risk management plan.