In the risk register, why should only one person be assigned owner of a risk?

Question:

In the risk register, why should only one person be assigned “owner” of a risk?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Contemporary Project Management

ISBN: 9780357715734

5th Edition

Authors: Timothy Kloppenborg, Vittal S. Anantatmula, Kathryn Wells

See More Books

Question Posted: Feb 18, 2024 09:01 AM

See More Questions

Develop the Talent Acquisition and Retention Plan A. Developing the talent acquisition and retention plan. Given the increase in demand, how many people will you need to hire and in what functional...
As you consider entering the field of human and social services, what do you think will be the most challenging about working with children and/or adults? Why? What can you do to prepare for what may...
If an attest client were to be acquired by a company in which the firm has an interest or relationship, would independence be compromised? a. No, if the attest engagement is for periods prior to the...
Technology World tsad the following revenue and expenses during the month ended July 31, Fees for computer repairs Advertising expense Salaries expense Telephone expenses fees for printer repairs...
Greg Morrison recently graduated from mortuary school. He is considering opening his own funeral home. A funeral home is a high-fixed cost business, as it requires considerable expenditures for...
For a child born in 2022, the cost of a 4-year college education at a public university is projected to be $185,000. Assuming a 4.75% per annum rate of return compounded monthly, how much must be...
Review your answers to the previous two questions. Comment on the persuasiveness of evidence from each test. Explain any factors that would affect your assessment. Fellowes and Associates Chartered...
Dawn Corporation sold $400,000 of 9 percent, 10-year bonds for face value on September 1, 2014. The issue date of the bonds was May 1, 2014. The companys fiscal year ends on December 31, and this is...
Image transcription text Introduction: The Smart Parking Management System (SPMS) project aimed to develop an efficient, automated solution for managing parking spaces in urban areas using Arduino...
Which three risk strategies are used specifically for dealing with opportunities?
Describe the various types of information that are often contained in the risk register. Why is each included?
In its December 31, 2014, balance sheet Oakley Corporation reported as an asset, "Net notes and accounts receivable, $7,100,000." What other disclosures are necessary?
is an ultra fund better for someone that is young or someone nearing retirement?please explain in your own wording .
If the Hunt's have a net discretioney cash clow of 15,000 where can that moeny go to?
Suppose that based on your brother's patents you two would like to manufacture robotic instruments that would reduce the degree of invasion in various surgical procedures. Intuitive Surgical Inc is...
please Record the recognize revenue earned from the ticket sale for 4 of 10 games played.
respond to the following post with insights and questions: The first concerning thing about Audio Partner's cash flow statement is its format. The Audio Partners' cash flow from operating expenses...
Explain the difference between share of customer and customer equity. Why are these concepts important to marketers?
For the following exercises, write the polynomial function that models the given situation. Consider the same rectangle of the preceding problem. Squares of 2x by 2x units are cut out of each corner....
Gail is a wealthy widow whose husband died last year. Her dependent daughter lives with her for the entire year. Gail has interest income totaling $382,400 and she pays property taxes and home...
Jack is starting a business that he expects to produce $60,000 of income this year before compensating Jack for his services. He has $1,000 of other income and itemized deductions totaling $10,000....
Andrea, who is in the 39.6% tax bracket, is interested in reducing her taxes. She is considering several alternatives. For each alternative listed below, indicate how much tax, if any, she would...
What is meant by externalities and public goods? How does a market economy address externalities and public goods? What role, if any, should government have in addressing externalities and public...
How does the application of transformational leadership theories facilitate organizational adaptation and strategic change amidst dynamic market environments?
What are the implications of transformational leadership for talent development and succession planning, particularly in cultivating a pipeline of future leaders capable of driving organizational...

In the risk register, why should only one person be assigned owner of a risk?

Question:

Step by Step Answer:

Assigning only one person as the owner of a risk in the risk register is essential for accountability clarity and effective risk management Here are s...View the full answer

Contemporary Project Management

Students also viewed these Business questions