Crucial Exams

PMI Project Management Professional Practice Question

What is the purpose of a Risk Response Plan in the context of project risk management?

  • To document stakeholders' risk appetite and assign risk ownership for identified risks.

  • To create a comprehensive schedule for regular risk audits and reassessment throughout the project.

  • To define specific actions for addressing individual project risks and the overall project risk, including strategies, budgeting, and contingency plans.

  • To calculate the expected monetary value of risks and determine the quantitative risk analysis.

PMI Project Management Professional
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