Final answer:
Pam's first action as a risk owner is to identify and assess the risks associated with the project.
Step-by-step explanation:
As a risk owner in a project, Pam's first action should be to identify and assess the risks associated with the project.
This involves:
- Identifying potential risks that could impact the project's objectives
- Evaluating the likelihood and impact of each risk
- Prioritizing risks based on their severity
Once the risks have been identified and assessed, Pam can then develop risk mitigation strategies to minimize the impact of those risks on the project.