Which of the following is an example of when to conduct a periodic risk re-assessment?

Question

BlackTom AI · Accepted Answer

Periodic risk re-assessment is a scheduled review of the project’s risk register and controls at defined intervals (for example monthly, at phase gates, or after onboarding milestones) to capture changes in the project environment that evolve over time rather than requiring immediate ad-hoc action.

Relevant knowledge points:
- Risk monitoring and control includes continuous monitoring, event-driven reassessment, and periodic (scheduled) reassessment.  
- Periodic reassessment is used to detect changes that accrue over time (e.g., staff turnover, gradual capability gaps, regulatory cycles) and to validate that existing mitigation remains effective.  
- Event-driven reassessment is triggered by specific incidents (e.g., budget breaches, scope change requests) and requires immediate targeted analysis.

Step-by-step reasoning:
1. Define periodic reassessment: a pre-planned, regular review of risks and mitigations (e.g., monthly reviews, phase-end reviews).  
2. Examine each option against that definition:
   - New Staff on the team: onboarding changes team skills, tacit knowledge, and role coverage over time. This is a common scheduled checkpoint (e.g., after onboarding completes) to reassess operational and delivery risks—fits periodic reassessment.  
   - Budget is at risk: this is a clear event indicating immediate financial exposure. It calls for an immediate, event-driven reassessment and corrective action, not merely a scheduled periodic check.  
   - Complex Change Request: a specific change triggers a focused impact analysis and immediate reassessment of affected risks and scope; again, this is event-driven rather than routine periodic review.

Why the correct answer is correct:
New staff introduces changes to capability, continuity, and training needs that are best captured during scheduled, periodic reviews to ensure mitigations (training plans, knowledge transfer) are in place and effective. It matches the intent of periodic reassessment to catch evolving, scheduled-state changes.

Why other options are incorrect:
Budget at risk and complex change requests are triggers for immediate, ad-hoc reassessment and response, not routine scheduled reviews.

Conclusion: The correct answer is "New Staff on the team," which matches the provided answer.

Which of the following is an example of when to conduct a periodic risk re-assessment?Single choice

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