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CGRC · Question #525

Frank is the project manager of the NHH Project. He is working with the project team to create a plan to document the procedures to manage risks throughout the project. This document will define how…

The correct answer is C. Risk management plan. Frank and his team are creating a Risk Management Plan, which is a subsidiary plan of the Project Management Plan, specifically detailing how risks will be managed throughout the project.

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Question

Frank is the project manager of the NHH Project. He is working with the project team to create a plan to document the procedures to manage risks throughout the project. This document will define how risks will be identified and quantified. It will also define how contingency plans will be implemented by the project team. What document is Frank and the NHH Project team creating in this scenario? Response:

Options

  • AProject management plan
  • BResource management plan
  • CRisk management plan
  • DProject plan

How the community answered

(23 responses)
  • A
    9% (2)
  • C
    87% (20)
  • D
    4% (1)

Why each option

Frank and his team are creating a Risk Management Plan, which is a subsidiary plan of the Project Management Plan, specifically detailing how risks will be managed throughout the project.

AProject management plan

The Project Management Plan is the overarching document that integrates all subsidiary plans, including the Risk Management Plan, but it is not the specific document focused solely on risk management procedures.

BResource management plan

A Resource Management Plan focuses on how project resources (human, equipment, material) will be acquired, managed, and released, not on risk management procedures.

CRisk management planCorrect

A Risk Management Plan is the specific project document that outlines the procedures for identifying, analyzing, monitoring, and responding to risks throughout the project lifecycle. It defines roles, responsibilities, methodologies, and tools for risk management, including how contingency plans will be developed and implemented.

DProject plan

'Project plan' is a general term often used interchangeably with Project Management Plan, but it lacks the specificity for this scenario where a detailed risk methodology is being established.

Concept tested: Purpose of a Risk Management Plan

Source: https://www.pmi.org/pmbok-guide-standards/foundational/pmbok

Topics

#Risk management#Risk management plan#Project management#Contingency planning

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