PMI-RMP · Question #490
A project manager has just been assigned to a new project. The project manager has been tasked by the project sponsor to ensure the project risks are closely managed. The project manager starts with d
The correct answer is B. Defining how risk management will be executed throughout the project.. The risk management plan is a component of the project management plan that defines how risk management activities will be structured and performed throughout the project. Its purpose is to define the methodology, roles and responsibilities, risk categories, probability and impac
Question
A project manager has just been assigned to a new project. The project manager has been tasked by the project sponsor to ensure the project risks are closely managed. The project manager starts with developing the risk management plan. What is the expected outcome of developing the risk management plan?
Options
- ABeing able to monitor and control risks throughout the project.
- BDefining how risk management will be executed throughout the project.
- CDocumenting the communication strategy for risks throughout the project.
- DHaving the ability to identify risks throughout the project.
How the community answered
(26 responses)- A8% (2)
- B88% (23)
- D4% (1)
Explanation
The risk management plan is a component of the project management plan that defines how risk management activities will be structured and performed throughout the project. Its purpose is to define the methodology, roles and responsibilities, risk categories, probability and impact definitions, reporting formats, and timing of risk activities. It does not itself identify risks (D), monitor risks (A), or solely define communication strategy (C)-those are outcomes of subsequent processes that the plan enables. In short, the risk management plan answers 'how will we do risk management?' not 'what are the risks?'
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