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.
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)- A77% (27)
- B3% (1)
- C14% (5)
- D6% (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.
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.
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.
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.
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
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