Where are all risks and risk responses documented as the project progresses?
Question
Where are all risks and risk responses documented as the project progresses?
Answers
Explanations
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A. B. C. D.D.
All risks, their responses, and other characteristics are documented in the risk register.
As the project progresses and the conditions of the risk events change, the risk register should be updated to reflect the risk conditions.
Incorrect Answers: A: The risk management plan addresses the project management's approach to risk management, risk identification, analysis, response, and control.
B: The project management plan is the overarching plan for the project, not the specifics of the risk responses and risk identification.
C: The risk response plan only addresses the planned risk responses for the identified risk events in the risk register.
The correct answer to this question is D. Risk register.
A risk register is a key document that tracks and documents all identified risks throughout the project life cycle. It includes information such as the risk description, likelihood, impact, severity, risk owner, risk response strategies, risk status, and any other relevant information related to the risk.
As the project progresses, the risk register is continuously updated to reflect new risks that are identified, changes in the status of existing risks, and updates to the risk response strategies. It is important that the risk register is regularly reviewed and updated by the project team, so that potential risks are identified and addressed in a timely manner, and the impact of the risks on the project objectives can be minimized.
While the risk management plan, project management plan, and risk response plan are important components of the project management process, they do not specifically document all risks and risk responses as the project progresses. The risk management plan provides an overview of the risk management process, including roles and responsibilities, risk assessment methodologies, and risk response strategies. The project management plan outlines the overall project objectives, scope, schedule, budget, and resources. The risk response plan outlines the specific actions that will be taken to address each identified risk.
In summary, the risk register is the most appropriate document to track and document all risks and risk responses as the project progresses, providing a comprehensive view of the risk management process for the project team and stakeholders.
