Practice Quiz

PgMP Program Management

Category - Domain 3

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What is a risk response plan for a program an output of?
  1. Identify Risks
  2. Risk Management Planning and Analysis
  3. Qualitative Risks Analysis
  4. Plan Risk Responses
Explanation
Answer - B - A risk response plan is an output of Risk Management Planning and Analysis.

Key Takeaway: The Risk Management Planning and Analysis process includes identifying program risks, a detailed risk analysis (both qualitative and quantitative), and effective risk-response planning. The most common risks arise from the program schedule and program cost. Because of this, the key input items for the Risk Management Planning and Analysis process are the program schedule, the PWBS, and the program budget.
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