Which description accurately defines risk ownership?

Which description accurately defines risk ownership?

• A. The sponsor who funds risk responses.
• B. The customer who bears impact.
• C. The risk owner is the person responsible for implementing approved risk responses and monitoring the risk.
• D. The QA lead who ensures quality.

Answer: (C)

Understanding risk ownership means recognizing who is accountable for acting on a risk and keeping an eye on it throughout the project. The person designated as risk owner is the one who implements the approved risk responses and monitors the risk, including tracking indicators, triggers, and residual risk, and making or requesting adjustments as needed. This role has the authority to execute actions in the risk response plan and to escalate if responses are not effective. The sponsor funding risk responses describes resources, not who takes action; the customer bearing impact describes who is affected, not who manages the response; the QA lead focuses on quality assurance, not risk ownership.

Understanding risk ownership means recognizing who is accountable for acting on a risk and keeping an eye on it throughout the project. The person designated as risk owner is the one who implements the approved risk responses and monitors the risk, including tracking indicators, triggers, and residual risk, and making or requesting adjustments as needed. This role has the authority to execute actions in the risk response plan and to escalate if responses are not effective. The sponsor funding risk responses describes resources, not who takes action; the customer bearing impact describes who is affected, not who manages the response; the QA lead focuses on quality assurance, not risk ownership.