A risk manager for a large project has completed documenting the risk management plan. The project is moving from planning to execution. Which three actions should the risk manager take to ensure the

Question

Options

• AVerify whether or not any identified risks might occur and implement the risk response plan.
• BRegularly check and report on the status of risks identified according to their prioritization.
• CMonitor the status and oversee execution of the risk response plan for each identified risk.
• DEnsure management reserves are sufficient to cover the mitigation plans for all identified risks.
• EAllocate and lock in project resources according to the initial risk prioritization for all identified risks.

• A
  6% (2)
• B
  83% (29)
• E
  11% (4)

Explanation

This domain includes tasks such as "monitor and report on risk metrics and trends", "monitor the status of risk response activities and update risk register and risk report accordingly", and "monitor and control project contingency and management reserves". These tasks imply that the risk manager should regularly check and report on the status of risks identified according to their prioritization (B), monitor the status and oversee execution of the risk response plan for each identified risk ? and ensure management reserves are sufficient to cover the mitigation plans for all identified risks (D). These actions will help the risk manager to ensure the risk management plan remains effective during the project timeframe.

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