A project risk response audit:
- is an examination of the effectiveness of risk response plans and of the performance of the risk owner.
- may be conducted by a third party, by the project's risk officer or by other qualified personnel.
- reviews the risk response plan and data concerning project work results.
- evaluates the performance of the risk owner in implementing the response plan.
- documents the results of the audit and makes recommendations for improvement in the project's risk response efforts.