The purpose of a risk management plan is:
A. Indicate the probability and impact of each risk
B. Monitor risks on the project
C. Describe how risk will be managed on the project
D. Identify risks on the project
Answer: C. Describe how risk will be managed on the project
As with any management plan, the key is to describe how something will be managed. The key word being 'how'. You do not actually do anything with the risks at this point; rather simply documenting the process of managing risk. The other choices on the list refer to other risk processes.
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