Joseph Masiano DiTutto is a project manager at Redenti Ltd. He is currently working with his project team members and key stakeholders to develop a document which defines how to conduct risk management activities for a project. What is the most appropriate name for this document (select the best answer)?

Question

BlackTom AI · Accepted Answer

The question describes a project manager and team members creating a document that defines how to conduct risk management activities for a project.

In project management practice, the most appropriate document that specifies the approach to risk management—how risks will be identified, analyzed, responded to, monitored, and controlled—is known as the risk management plan. This plan typically outlines the methodology, roles and responsibilities, budgeting for risk management, timing, risk categories, definitions of probability and impact, thresholds for risk exposure, and how risk data will be collected, stored, and reported.

Option A: 'A risk management plan' is therefore a correct characterization of the document described in the scenario, because it formalizes the processes and procedures for managing risk throughout the project life cycle.

If there were other options present (which we do not have in this case), they might include documents like the risk register, risk management strategy, or risk management approach. A risk register is the dynamic log of identified risks and their status, not the framework for how risk management activities are performed. A risk management strategy or approach could be considered broader or overlapping terms, but the standard and specific document that defines the conduct of risk management activities is the risk management plan.

In the absence of alternative options for comparison, the given answer aligns with widely accepted project management terminology for the document that prescribes the risk management process throughout the project.

PJM6015.20760.202525 PJM6015_FinalExam

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