Exam PMP topic 1 question 1002 discussion

Risk management plan is not a document .... last line messed up

A. Risk management plan

A. Risk management plan The risk management plan includes information on how often risks should be reviewed, along with methodologies, roles, and responsibilities.

Risk management plan should include everything you need.

A risk management plan defines how your project's risk management process will be executed. That includes the budget, tools and approaches that will be used to perform risk identification, assessment, mitigation and monitoring activities.

They key word is "How"

A. Risk mgmt pan

In this situation, where the project sponsor wants to know how frequently the risks are being reviewed, the project manager should check the Risk Management Plan (Option A) first. This document outlines how risk management processes will be conducted throughout the project, including the frequency of risk reviews. The Risk Management Plan provides the framework and guidelines for all risk-related activities, making it the appropriate first reference in this scenario.

Risk register contains risks.

Ans A. As per definition, Risk register is just a record of all risks, mitigation strategies etc. But Risk management plan is the document which defines how and frequency of communication etc. But in reality, anybody would refer to Risk register.

The risk management plam outlines how risks are analysed, including the frequency

By referring to the Risk Register, the project manager can accurately convey to the sponsor the frequency of risk assessments and reviews for the project, ensuring effective risk management practices in line with PMBOK principles.

Risk Management plan details the approach of handling risk, risk register is the place its updated, analyzed and actioned.