We are closing with residual risks. What must be transferred?
Unowned residual risk exposureDescribe each remaining material risk, its owner, trigger, response, and review arrangements. Obtain acceptance from the party that will actually manage the exposure after closure. A risk register attachment is not a transfer unless responsibility and monitoring are understood.
What to do now
- Identify risks that persist after project closure
- Name capable receiving risk owners
- Agree triggers responses and review arrangements
- Record acceptance in the transition decision
When to escalate
A significant residual risk has no accepting accountable owner.
The sponsor and accepting business or service owner
Example
A service owner accepts a supplier-dependency risk with a renewal trigger and contingency review date.
Mistake to avoid
Closing the risk because the project status changes to complete.
Prevent a repeat
Verify that transferred obligations and important lesson actions are completed after the project closes.
Suggested ApprovedFlow setup
- Projects
- Documents
- Tasks
- Approvals
Keep the closure decision and final evidence with the project and transfer accepted residual actions to named ongoing owners. See the platform
Related cases
- We still have open actions at closure. Must every action be finished first?Uncontrolled residual work transfer
- When should I release team members from a closing project?Unplanned resource release
- How do we close a risk properly?Unsupported risk closure
- Can we launch with known defects?Uncontrolled residual quality exposure