A project sponsor has requested a trend analysis of all risks that the project has monitored over the past 12 months. What should the agile project manager do?
A.
Extract this from the project risk register tracking tool and issues log
B.
Refer the sponsor to the contract document
C.
Organize a stakeholder meeting to brainstorm on general project risks
A. Extract this from the project risk register tracking tool and issues log
This option directly addresses the sponsor's request by providing a trend analysis based on real data that has been tracked over the past 12 months. The project risk register and issues log are the appropriate sources for such information, as they contain a detailed history of risks and their management throughout the project.
A. Extract this from the project risk register tracking tool and issues log.
The risk register and issues log are where risks are typically tracked, including how they've evolved over time. By extracting this data, the project manager can perform a trend analysis, showing how risks have been managed and any recurring patterns. This provides the sponsor with the requested analysis based on actual tracked data over the past 12 months.
Sharing an annual report or referring to the contract document would not provide the detailed risk analysis the sponsor is looking for, and a brainstorming session isn't relevant to analyzing past trends.
Project managers conduct trend analysis of risk metrics, such as frequency and severity of identified risks, to track the effectiveness of risk management activities. By analyzing risk trends, they can anticipate potential risks, monitor the evolution of existing risks, and implement risk response strategies accordingly.
Option A, extracting the trend analysis from the project risk register tracking tool and issues log, is the most appropriate action for the Agile project manager to take in this scenario. In Agile project management, maintaining a risk register and issues log is common practice to track and manage project risks throughout the project lifecycle.
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