Risk audits

Below are the description of all the uses of the working document “Risk audits”:

“Risk Audits” is a tool/technique for the process “Control Risks”.
Risk audits examine and document the effectiveness of risk responses in dealing with identified risks and their root causes, as well as the effectiveness of the risk management process. The project manager is responsible for ensuring that risk audits are performed at an appropriate frequency, as defined in the project?s risk management plan. Risk audits may be included during routine project review meetings, or the team may choose to hold separate risk audit meetings. The format for the audit and its objectives should be clearly defined before the audit is conducted.

This definition was found in the PMBOK V5

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