Crucial Exams

Project Management Professional Practice Question

During planning of the CityTax modernization project, your cross-functional team has finished qualitative and quantitative risk analysis and documented high-priority threats and opportunities in the risk register. The steering committee now wants to understand why you are insisting on spending time to create a formal Risk Response Plan before finalizing the baseline schedule. As the project manager, you need to articulate the primary objective of this plan to gain their support. Which of the following best summarizes the main goal of developing a Risk Response Plan at this point?

  • To document important risks and retain them for historical records and analysis

  • To outline strategies and actions to manage identified risks and ensure the project remains within its risk thresholds

  • To allocate a risk budget progressively throughout the project as risks are identified

  • To compile a list of risk responses in a chronological log for implementation after the project has concluded

Project Management Professional
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