Business rhythm can fluctuate greatly between different industries and vary between companies within the same industry. What should be used 10 determine how often a project's risk register should be u

The correct answer is A. The risk management plan. The risk management plan is the authoritative document that defines how risk management activities will be planned and executed throughout the project, including the timing, frequency, and methodology for reviewing and updating the risk register. In a high-business-rhythm industr

Risk Strategy and Planning

Question

Business rhythm can fluctuate greatly between different industries and vary between companies within the same industry. What should be used 10 determine how often a project's risk register should be updated or reviewed in a given year when the project is in an industry with a very high business rhythm?

Options

AThe risk management plan
BThe risk triggers
CThe risk prioritization criteria
DThe portfolio management plan

How the community answered

(34 responses)

A
88% (30)
B
6% (2)
C
3% (1)
D
3% (1)

Explanation

The risk management plan is the authoritative document that defines how risk management activities will be planned and executed throughout the project, including the timing, frequency, and methodology for reviewing and updating the risk register. In a high-business-rhythm industry, the risk management plan would prescribe more frequent reviews to keep pace with rapid change. Risk triggers (B) signal when a specific risk is about to occur, not how often the register is reviewed. Risk prioritization criteria (C) determine ranking, not review cadence. The portfolio management plan (D) operates at a higher organizational level and does not govern individual project risk review schedules.

Topics

#Risk Management Plan#Risk Register Updates#Risk Review Frequency#Planning Risk Management

Community Discussion

No community discussion yet for this question.

Full PMI-RMP Practice