You are completing the qualitative risk analysis process with your project team and are relying on the risk management plan to help you determine the budget, schedule for risk management, and risk…

The correct answer is B. Plan risk management process. Risk categories are a key component of the Risk Management Plan, which is the sole output of the Plan Risk Management process. The risk categories (often organized into a Risk Breakdown Structure, or RBS) must be defined during this planning process so they can be used as a…

Risk Strategy and Planning

Question

You are completing the qualitative risk analysis process with your project team and are relying on the risk management plan to help you determine the budget, schedule for risk management, and risk categories. You discover that the risk categories have not been created. When should the risk categories have been created?

Options

ACreate work breakdown structure process
BPlan risk management process
CRisk identification process
DDefine scope process

How the community answered

(30 responses)

A
3% (1)
B
90% (27)
C
7% (2)

Explanation

Risk categories are a key component of the Risk Management Plan, which is the sole output of the Plan Risk Management process. The risk categories (often organized into a Risk Breakdown Structure, or RBS) must be defined during this planning process so they can be used as a framework in subsequent processes like Identify Risks and Qualitative Risk Analysis. The WBS is about decomposing deliverables, Define Scope establishes project boundaries, and Identify Risks uses risk categories - none of these create them.

Topics

#Risk categories#Plan Risk Management process#Risk Management Plan#Project planning

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