Project Risk Management Plan

Defining Stakeholder Communication for Project Risks

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Question

You work as the project manager for Bluewell Inc.

Your project has several risks that will affect several stakeholder requirements.

Which project management plan will define who will be available to share information on the project risks?

Answers

Explanations

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A. B. C. D.

D.

The Communications Management Plan defines, in regard to risk management, who will be available to share information on risks and responses throughout the project.

The Communications Management Plan aims to define the communication necessities for the project and how the information will be circulated.

The Communications Management Plan sets the communication structure for the project.

This structure provides guidance for communication throughout the project's life and is updated as communication needs change.

The Communication Managements Plan identifies and defines the roles of persons concerned with the project.

It includes a matrix known as the communication matrix to map the communication requirements of the project.

Incorrect Answers: A: The Resource Management Plan does not define risk communications.

B: The Risk Management Plan defines risk identification, analysis, response, and monitoring.

C: The stakeholder management strategy does not address risk communications.

The correct answer is D. Communications Management Plan.

The Communications Management Plan is a part of the overall Project Management Plan that defines how information will be disseminated, who will receive it, and how it will be distributed. It outlines the communication requirements and expectations for the project and provides guidance for how stakeholders will be informed of the project status, changes, and risks.

In a project, risks can have an impact on several stakeholder requirements, such as the project scope, schedule, budget, quality, and so on. Therefore, it is essential to have a communication plan that defines who will be available to share information on the project risks and how the communication will take place.

The Communications Management Plan includes the following elements:

  1. Stakeholder Communication Requirements: This section identifies the communication needs of each stakeholder group and specifies the frequency, format, and type of information they require.

  2. Communication Methods: This section outlines the communication channels that will be used to disseminate information to stakeholders, such as email, meetings, reports, or other methods.

  3. Escalation Procedures: This section defines the procedures for escalating issues, risks, or changes that require immediate attention or decisions from senior management or other stakeholders.

  4. Roles and Responsibilities: This section identifies the project team members responsible for creating, reviewing, and distributing project communications and provides guidance on how they will carry out their roles.

In summary, the Communications Management Plan is critical in identifying who will be available to share information on the project risks and how they will communicate with stakeholders. It helps to ensure that the project risks are effectively managed, and stakeholders are informed in a timely and appropriate manner.