Which of the following is a primary responsibility of a project manager in relation to risk?

A primary responsibility of a project manager in relation to risk is to constantly monitor risk and implement responses. This involves not only identifying risks at the beginning of the project but also engaging in ongoing assessment throughout the project lifecycle. Risks can evolve, and new risks can emerge at any stage, making it essential for the project manager to be vigilant and proactive in managing them.

By continuously monitoring risks, a project manager can assess their potential impact on the project's progress and outcomes. This includes evaluating the likelihood of risks occurring and their possible consequences. When risks are identified, the project manager must also implement appropriate response strategies, which may include mitigation, transfer, acceptance, or avoidance of the risks. Effective risk management enhances decision-making and helps ensure that projects remain on track, avoiding delays and budget overruns.

In contrast, solely documenting risks without ongoing monitoring would leave the project vulnerable to unforeseen issues. Shifting all risk management responsibilities to team members undermines the project manager’s role and could lead to inconsistent risk management practices. Lastly, focusing only on high-level risks could cause a project manager to overlook smaller, yet significant risks that could accumulate and affect the project negatively. Thus, continuous monitoring and response implementation is crucial for effective risk management.