PMI-RMP · Question #25
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 D. Risk management plan. Frank and his team are creating the Risk Management Plan. This document defines how risk management activities will be structured and performed throughout the project: how risks are identified, how they are analyzed (quantified), and how contingency plans will be developed and…
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?
Options
- AResource management plan
- BProject plan
- CProject management plan
- DRisk management plan
How the community answered
(30 responses)- A3% (1)
- C7% (2)
- D90% (27)
Explanation
Frank and his team are creating the Risk Management Plan. This document defines how risk management activities will be structured and performed throughout the project: how risks are identified, how they are analyzed (quantified), and how contingency plans will be developed and implemented. It is a component of the overall Project Management Plan but is specific to risk. The Project Management Plan (C) is the umbrella document that includes the Risk Management Plan as a subsidiary. The Resource Management Plan (A) covers human and physical resources. The Project Plan is a dated term that generally refers to the Project Management Plan.
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