QuestionQ205

VerifiedSecure Software Lifecycle Management

Frank is the project manager for the NHH Project. He is collaborating with the project team to develop a plan that documents the procedures for managing risks throughout the project. This document will specify how risks are identified and quantified. It will also specify how the project team will implement contingency plans.

What document are Frank and the NHH Project team creating in this scenario?

Explanation

A risk management plan defines the processes, methods, roles, and procedures for identifying, analyzing or quantifying, responding to, and monitoring project risks. It includes the approach to contingency planning and response implementation.

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