The key difference is an “issue” already has occurred and a “risk” is a potential issue that may or may not happen and can impact the project positively or negatively. Therefore no team is affected.
my knee jerk response to the question was: "A risk, minor impact, no change to triple constraint, why do I need to notify anyone, put it in the risk register and carry on"
A risk can still impact a specific team or team members, so notify the affected team members to be on the look out for this risk.
A. internal project team.
Since the risk has a minor impact and there is no change to the triple constraint, it is not necessary to notify all the stakeholders. It is appropriate to inform the internal project team to ensure they are aware of the risk and can take any necessary actions to manage it.
Everywhere I read about Risk communication or response I see communicate to the stakeholder. There is never a mention in the project team. Maybe because the project team is already a stakeholder since they have a vested interest in the project? The remainder of the stakeholders are not SMEs but do have a vested interest.
The answer B as given is correct. Key stakeholder are absolutely the ones you want to notify, they have skin in the game and what may be minor to the PM might not be for a stakeholder. Risk acceptance is different for everyone and everyone perceives risks differently.
Team members don't necessarily need to be made aware of every single risk thats identified in the planning or throughout the project. If a risk event happens then they will look as the risk response plan that is in place and proceed as directed. A stakeholder might have a particular level of risk tolerance and maybe that minor risk is the straw that broke the camels back and they withdraw funding.
I would check the risk register and it would tell me what to do based on a pre-determined risk response plan. This question is asking me to take a guess. Let me close my eyes and point. Okay it landed on C. That's my guess.
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