PMP Certification Practice Test 2

The risk owner for that particular risk is responsible for implementing the actions defined by the mitigation and contingency plans. A risk owner is identified during the planning stage of risk management and helps to assess the risk and produce probability and impact information. The risk owner develops risk mitigation and contingency plans, provides status data for respective risk issues, and assists in evaluating effectiveness of the risk control action. The risk owner also documents threshold criteria of high and medium risks and supports the identification of new risks.