Qualitative and Quantitative Risk Analysis, Risk Response Planning Results

C.

The document described in the statement is the Risk Management Plan, option B.

The Risk Management Plan is a formal document that outlines how risk management activities will be carried out throughout the project or organization. This plan is developed along with all processes of the risk management and it contains the results of the qualitative risk analysis, quantitative risk analysis, and risk response planning.

The Risk Management Plan includes the following information:

• Objectives and scope of the risk management activities
• Roles and responsibilities of the project team members involved in risk management
• Risk management approach and methodology to be used
• Risk assessment criteria, such as likelihood and impact of risks
• Risk register, which is a comprehensive list of all identified risks, their potential impact, and the planned response
• Risk response plan, which is a detailed plan of the actions to be taken in response to identified risks, including contingency plans and risk mitigation strategies
• Monitoring and reporting mechanisms to be used to track the effectiveness of the risk management plan and identify new risks.

The Risk Management Plan is a critical document that provides guidance to the project team on how to identify, assess, and manage risks throughout the project lifecycle. It ensures that risks are identified early, evaluated, and addressed proactively to minimize their impact on project objectives.