Fred is the project manager of a large project in his organization. Fred needs to begin planning the risk management plan with the project team and key stakeholders. Which plan risk management…

Variance and trend analysis is a tool used in the Monitor and Control Risks process, not in Plan Risk Management.

Information gathering techniques such as brainstorming and interviews are tools used in the Identify Risks process, not Plan Risk Management.

Planning meetings and analysis is the designated tool and technique for the Plan Risk Management process in PMBOK. During these meetings, project team members, stakeholders, and the PM collaborate to define the risk management approach, roles, and thresholds. The output is the risk management plan itself.

Data gathering and representation techniques (e.g., probability-impact matrix) are associated with Qualitative Risk Analysis, not the planning process.