Section: Volume D
Explanation:
The change request log records the status of all change requests, approved or declined.
The change request log is used as an account for change requests and as a means of tracking their disposition on a current basis. The change request log develops a measure of consistency into the change management process. It encourages common inputs into the process and is a common estimation approach for all change requests. As the log is an important component of project requirements, it should be readily available to the project team members responsible for project delivery. It should be maintained in a file with read-only access to those who are not responsible for approving or disapproving project change requests.
Incorrect Answers:
B: The project archive includes all project documentation and is created through the close project or phase process. It is not the best choice for this question.
C: Lessons learned are not the correct place to document the status of a declined, or approved, change request.
D: The project document updates is not the best choice for this to be fleshed into the project documents, but the declined changes are part of the change request log.

There is no definitive answer to this question, as different factors may be more or less important depending on the context and the nature of the risk. However, based on some web search results, one possible factor that could be considered essential for managing risk in a highly dynamic environment is D. Implementing detection and response measures.
Detection and response measures are the practices and procedures that enable an organization to identify and mitigate any potential or actual cybersecurity events that could compromise its network, systems, data, or assets. Detection and response measures can help an organization to reduce the impact and duration of a cyberattack, as well as to learn from the incident and improve its security posture and resilience. Detection and response measures can also help an organization to comply with regulatory and legal requirements, as well as to maintain its reputation and trust among its stakeholders.
Some examples of detection and response measures include:
*Using threat intelligence, user behavior analytics, and attacker behavior analytics to monitor and analyze the network activity and identify any anomalies or signs of compromise 12
*Implementing security continuous monitoring, intrusion detection and prevention systems, and antivirus and antimalware software to detect and block malicious traffic and malware 3
*Establishing incident response plans, teams, and tools to contain, eradicate, and recover from a cyberattack, as well as to communicate and coordinate with internal and external parties 45
*Conducting regular audits, assessments, and tests to evaluate the effectiveness of the detection and response measures and to identify any gaps or weaknesses 6 Therefore, implementing detection and response measures could be seen as an essential factor for managing risk in a highly dynamic environment, as it can help an organization to protect its critical assets and functions, and to respond quickly and effectively to any emerging or evolving threats.

Section: Volume D