Risk Audit

Risk Audit is to ensure the risk management activities are happening as per the risk management plan and also the responses which are plan are implemented as per the expectation. The frequency of Risk Audit depends on the situation and has to be agreed and documented in the plan and accordingly we need to follow. The Project Manager should ensure it is happening. Risk Audits may be addressed through routine status meeting or one can have separate risk audit itself. Risk Audit technique is used under the process Control Risks.