Risk Owner

Correct Answer: Assign a new risk owner who is consistently available and subsequently update the risk register.

The best course of action as a Project Manager is to 'Assign a new risk owner who is consistently available and subsequently update the risk register'. In a project management scenario, it is crucial to address risks in a timely manner. If the assigned risk owner is frequently absent, it may lead to delays in risk mitigation, potentially affecting the project schedule and outcomes. Hence, it is important to have a risk owner who is consistently available for successful risk management. Simply waiting for the risk owner to return might exacerbate the risk situation. Tackling the risks by yourself as a Project Manager might not be the best solution, as this may overburden you and take you away from other essential project management duties. Firing the risk owner is not a recommended solution because it doesn't directly address the issue of risk management and could create additional complications. Therefore, assigning a more reliable risk owner is the most effective solution as it ensures that risks are correctly addressed without delay.

Correct Answer: Initiate a meeting with the risk owner to discuss the issue and determine next steps

The appropriate course of action for the project manager, when the assigned risk owner has not made adequate progress on the risk response plans, is to initiate a meeting with the risk owner to discuss the issue and determine next steps. This approach ensures that communication is open and constructive, and gives them an opportunity to clarify expectations, seek potential solutions, and set new deadlines if required. Taking over the risk management process and excluding the risk owner would not be productive nor encourage teamwork. Reassigning the risk to another team member during the meeting can cause confusion and uncertainty, might not be fair, and the person who gets the task assigned may not be prepared to handle the risk. Doing nothing and hoping the risk does not materialize is not a proactive or responsible approach to risk management. Therefore, the best course of action is to talk to the risk owner and discuss the issue directly.

Correct Answer: Verify the risk owner's claim and if true, update the risk register to reflect the change in risk status.

The best answer is to verify the risk owner's claim and if true, update the risk register to reflect the change in risk status. As a project manager, it is important to validate information provided by team members before taking action. Risks should be monitored and the risk register updated throughout the project lifecycle to accurately reflect the current status of each risk. Removing the risk from the register without verification could lead to important risks being overlooked. Denouncing the risk owner is unprofessional and unproductive. Delegating another risk to maintain workload is unnecessary and does not address the reported change in the risk's status.