nerdexam
IIBA

CBAP · Question #140

Which of the following processes includes tasks and roles, risk categories, schedules for risk management activities, definitions of probability and impact, and the stakeholders' tolerances?

The correct answer is A. Risk management plan. The risk management plan defines the framework and approach for how risk management will be performed throughout the project, including roles, categories, methodology, and tolerance levels.

Strategy Analysis

Question

Which of the following processes includes tasks and roles, risk categories, schedules for risk management activities, definitions of probability and impact, and the stakeholders' tolerances?

Options

  • ARisk management plan
  • BRisk register
  • CRisk analysis
  • DRisk response plan

How the community answered

(35 responses)
  • A
    77% (27)
  • B
    3% (1)
  • C
    14% (5)
  • D
    6% (2)

Why each option

The risk management plan defines the framework and approach for how risk management will be performed throughout the project, including roles, categories, methodology, and tolerance levels.

ARisk management planCorrect

The risk management plan is a component of the overall project management plan that establishes how risk management activities will be structured and executed. It includes roles and responsibilities for risk activities, risk categories, schedules for performing risk reviews, definitions of probability and impact scales, and the stakeholders' risk tolerances and thresholds. It is a planning document that governs the risk process itself, not a log of specific risks.

BRisk register

The risk register is a repository document that logs identified risks, their descriptions, probability, impact, owners, and status - it records specific risks but does not define the overall risk management framework.

CRisk analysis

Risk analysis is the process of evaluating identified risks to determine their probability and potential impact, not a document that defines the methodology and tolerances.

DRisk response plan

The risk response plan documents the specific strategies and actions chosen to address individual identified risks, and does not define the overarching risk management methodology or stakeholder tolerances.

Concept tested: Risk management plan components and purpose

Topics

#risk management plan#risk categories#probability and impact#risk planning

Community Discussion

No community discussion yet for this question.

Full CBAP Practice