Which of the following statements is NOT true regarding the risk management plan?
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A. B. C. D.C.
The risk management plan details how risk management processes will be implemented, monitored, and controlled throughout the life of the project.
The risk management plan does not include responses to risks or triggers.
Responses to risks are documented in the risk register as part of the Plan Risk Responses process.
Incorrect Answers: A, B, D: These all statements are true for risk management plan.
The risk management plan details how risk management processes will be implemented, monitored, and controlled throughout the life of the project.
It includes thresholds, scoring and interpretation methods, responsible parties, and budgets.
It also act as input to all the remaining risk-planning processes.
The risk management plan is a crucial document that outlines the approach and procedures for managing risks in a project or organization. It is developed during the Plan Risk Management process and serves as a guide for implementing risk management activities throughout the project or organizational life cycle.
Let's examine each answer choice:
A. The risk management plan is an output of the Plan Risk Management process. This statement is true. The risk management plan is developed as an output of the Plan Risk Management process, which is the first process in the Risk Management knowledge area of the Project Management Body of Knowledge (PMBOK) Guide.
B. The risk management plan is an input to all the remaining risk-planning processes. This statement is also true. The risk management plan provides the foundation for all subsequent risk management activities, and it serves as an input to all the remaining risk-planning processes.
C. The risk management plan includes a description of the risk responses and triggers. This statement is true. The risk management plan typically includes a detailed description of the risk responses, including the specific actions that will be taken to mitigate or avoid the identified risks, and the triggers that will prompt those actions.
D. The risk management plan includes thresholds, scoring and interpretation methods, responsible parties, and budgets. This statement is also true. The risk management plan typically includes a range of information, including thresholds for risk acceptance or rejection, scoring and interpretation methods for assessing the impact and likelihood of risks, responsible parties for managing and monitoring risks, and budgets for implementing risk management activities.
Therefore, the answer to the question is: None of the statements is false. All the statements are true.