What should you do with these identified risk events?

You and your project team are identifying the risks that may exist within your project. Some of the risks are small risks that won’t affect your project much if they happen. What should you do with these identified risk events?

A.
These risks can be dismissed.

B.
These risks can be added to a low priority risk watch list.

C.
These risks can be accepted.

D.
All risks must have a valid, documented risk response.

Explanation:

Low-impact, low-probability risks can be added to the low priority risk watch list. Answer option C is incorrect. While these risks may be accepted, they should be documented on the low priority risk watch list. This list will be periodically reviewed and the status of the risks may change. Answer option A is incorrect. These risks are not dismissed; they are still documented on the low priority risk watch list.
Answer option D is incorrect. Not every risk demands a risk response, so this choice is incorrect. Reference: A Guide to the Project Management Body of Knowledge, (PMBOK Guide), Fourth Edition, ISBN.9781933890517, Section 11.3.3.