Should a risk management plan be updated regularly? 1 pointMaybe; if the stakeholders specifically request the updatesYes; the plan is a living document and should include new findingsNo; the plan should be determined as early as possible

QuestionA large risk to a project is identified, and the risk management plan is executed. Upon completion of the approved actions, what should the project manager do?A.Update the risk management plan.B.Revise the project schedule and the budget.C.Update the lessons learned.D.Identify new risks, and monitor residual risks.

What is the risk description for Risk objective to regularly review and update their policies and procedures to align with regulatory requirements and industry best practices.

When is risk management undertaken? Group of answer choicesThroughout the entire life of any project.Only if the project is large and high risk.Only at the start of the project.Only at the end of the project.

Which of the following is true regarding risk management? All risks must have a contingency plan.Risks are more likely to impact the schedule than the budget.Risk identification only occurs in the planning phase of the project.Risks should be reviewed at every team meeting.

When should you review your risk management? When there is significant changes to your activity When asked by relevant parties After any accident or near miss All answers are correct