Implement Step within the Recommended Risk Management Procedure

A.

The Implement step within the recommended risk management procedure refers to the stage in which planned actions are taken to respond to a risk. In other words, once the risk has been identified, assessed, and analyzed, the next step is to develop a risk response plan, and then to implement this plan by taking action to mitigate or avoid the risk.

Option A is therefore the correct answer to the question. It describes the Implement step accurately and succinctly.

Option B refers to the Risk Management Strategy, which is a document that outlines how risks will be identified, assessed, and managed within the project. While it is important to implement the responsibilities defined in this strategy, this is not the same as the Implement step within the risk management procedure.

Option C, assessing the proximity of a risk, is part of the risk assessment process, which is carried out in the Analyze step of the risk management procedure. It is not part of the Implement step.

Option D, identifying the level of risks that can be tolerated by the project, is also part of the risk assessment process, which takes place in the Analyze step. It is not part of the Implement step, which focuses on taking action to respond to identified risks.