Your project is progressing nicely, and the risks you have realized to date seem completely manageable. Although you still have your work cut out for you as a project manager, you’re pleased that very few of the risks you’ve identified are coming to pass. The project time remaining is now measured in days, rather than months. Your sponsor has asked for an update.

What do you tell her?

1. You will continue to update the risk reports and risk register at regular intervals.

2. You will continue to update the risk reports and risk register if anything changes.

3. You will stop issuing risk reports and will maintain the risk register for the foreseeable future.

4. You will continue to update the risk reports and risk register at regular intervals and if anything changes.

5. You will issue updates to the risk reports and risk register as risks are realized.