The plan risk responses process determines effective response actions that are appropriate for prioritized individual risks and for the overall risk of a project.

Question

BlackTom AI · Accepted Answer

Plan Risk Responses in project risk management develops and selects actions to address both prioritized individual risks and the aggregate (overall) project risk. Relevant knowledge points: PMBOK defines Plan Risk Responses as the process of identifying and assigning options and actions to enhance opportunities and reduce threats to project objectives. It uses inputs from risk identification and qualitative/quantitative analysis and produces specific response plans, contingency and fallback plans, and updates to the project management plan and risk register.

Step-by-step reasoning:
1. Inputs: the risk register (with prioritized risks), risk report (summary of overall risk exposure), project management plan, and outputs of risk analysis. These supply the prioritized individual risks and the evaluation of overall project risk.
2. Tools & techniques: risk response strategies (for threats: avoid, transfer, mitigate, accept; for opportunities: exploit, enhance, share, accept), contingency planning, decision-making techniques, and expert judgment are applied to each prioritized risk and to issues arising from aggregated risk exposure.
3. Outputs: planned risk responses for each risk, contingency reserves and fallback plans for residual risks, and actions addressing the overall project risk (for example, adjusting contingency reserves or changing project scope/timeline if aggregate exposure is unacceptable).

Why the statement is correct: Plan Risk Responses explicitly targets both the most significant individual risks and the overall risk profile. It defines specific actions for each prioritized risk, addresses residual and secondary risks, and develops responses (including management reserves or escalation triggers) to manage aggregate project risk.

Why “False” would be wrong: that option ignores the process’s dual focus on individual prioritized risks and the overall risk, which is contrary to PMBOK guidance.

Conclusion: The correct answer is True, matching the provided answer.

The plan risk responses process determines effective response actions that are appropriate for prioritized individual risks and for the overall risk of a project.Single choice

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