Who should do the prioritization of the project risks?

As the work of your risk management team (from the first discussion question) continues, the discussion of your team’s risk management plan outline moves on and considers the following questions:

• How should the risks be prioritized?
• Who should do the prioritization of the project risks?
• How should project risks be monitored and controlled?
• Who should develop risk responses and contingency plans?
• Who should own these responses and plans?