Project Management Plan for Sharing Project Risks | Bluewell Inc.

Defining Stakeholders for Information Sharing on Project Risks

Prev Question Next Question

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

Click on the arrows to vote for the correct answer

A. B. C. D.

C.

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

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

D: The Resource Management Plan does not define risk communications.

The correct answer is C, Communications Management Plan.

The Communications Management Plan is a part of the project management plan, which outlines how stakeholders will be kept informed about project progress, issues, and risks. It also identifies who will be responsible for communicating this information.

In this scenario, the project has several risks that will affect multiple stakeholder requirements. Therefore, it is crucial to have a well-defined communications management plan to ensure that stakeholders are adequately informed about the risks and their potential impact on the project.

The communications management plan should identify the key stakeholders and their communication requirements. It should also specify the format and frequency of communication, as well as the tools and channels to be used to disseminate information. The plan should also identify the person or team responsible for managing the communication process.

The Risk Management Plan (option A) defines how risks will be identified, analyzed, and managed throughout the project. It outlines the risk management approach, the risk categories, and the risk management process. While the Risk Management Plan is essential for identifying and managing project risks, it does not specifically address the communication of risks to stakeholders.

The Stakeholder Management Strategy (option B) outlines how stakeholders will be identified, analyzed, and engaged throughout the project. It identifies the stakeholders and their requirements, their level of interest and influence, and the strategies for managing stakeholder expectations. While the Stakeholder Management Strategy is essential for engaging stakeholders and managing their expectations, it does not specifically address the communication of project risks.

The Resource Management Plan (option D) outlines how project resources will be identified, acquired, and managed throughout the project. It identifies the resource requirements, the resource constraints, and the resource management process. While the Resource Management Plan is essential for managing project resources, it does not specifically address the communication of project risks.

In summary, the Communications Management Plan is the project management plan that defines who will be available to share information on the project risks. It outlines how stakeholders will be kept informed about project risks and their potential impact on the project.