Which of the following describes risk proximity?

The timeframe for implementing mitigation actions describes the risk response schedule, not proximity - proximity refers to when the risk itself is expected to occur, not when actions to address it are taken.

A schedule for risk management activities describes the governance and review cadence for managing risks, which is a planning activity distinct from the definition of risk proximity.

The timeframe over which a risk owner monitors a risk describes an oversight or governance responsibility, not when the risk event is expected to materialize.

Risk proximity is a risk attribute that indicates how close in time a risk is expected to materialize and impact the project or service. It is used to help risk owners and managers determine the urgency of responses - a risk with high proximity requires more immediate action than one far in the future. This concept is distinct from risk likelihood or impact, as it specifically concerns the timing of the risk event itself.