Which of the following describes risk proximity?

The timeframe for implementing mitigation actions describes risk response scheduling, which is part of risk treatment planning, not the definition of risk proximity.

A schedule for risk management activities describes the risk management plan or review cadence, which is a procedural concept distinct from risk proximity.

The timeframe over which a risk is monitored describes a risk monitoring responsibility assigned to a risk owner, which is different from the concept of when the risk itself might materialize.

Risk proximity refers to the point in time when a risk is expected to occur and have an impact on objectives. It is used to prioritize risks by urgency - risks with near-term proximity demand more immediate attention and response than those expected further in the future, directly influencing how risk owners schedule and allocate response resources.