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You are the project manager of the GHY project for your organization. You are about to start the qualitative risk analysis process for the project and you need to determine the roles and responsibilities for conducting risk management. Where can you find this information?
The risk management plan defines the roles and responsibilities for conducting risk management.
A Risk management plan is a document arranged by a project manager to estimate the effectiveness, predict risks, and build response plans
to mitigate them. It also consists of the risk assessment matrix.
Risks are built in with any project, and project managers evaluate risks repeatedly and build plans to address them. The risk management
plan consists of analysis of possible risks with both high and low impacts, and the mitigation strategies to facilitate the project and avoid
being derailed through which the common problems arise. Risk management plans should be timely reviewed by the project team in order to
avoid having the analysis become stale and not reflective of actual potential project risks. Most critically, risk management plans include a risk
strategy for project execution.
Answer A is incorrect. The risk register does not define the risk management roles and responsibilities.
Answer D is incorrect. Enterprise environmental factors may define the roles that risk management officials or departments play in the
project, but the best answer for all projects is the risk management plan.
Answer B is incorrect. The staffing management plan does not define the risk management roles and responsibilities.