Six Sigma Global Institute (SSGI) Project Management Professional Certification Practice Exam

Question: 1 / 400

What does a risk management plan NOT typically include?

Source identification steps

Measures to reduce risks

Project financial analysis

A risk management plan is primarily focused on identifying, assessing, and planning for risks that could affect the project's success. It typically includes components designed to mitigate potential threats, outline strategies for responses, and provide a roadmap for managing those risks throughout the project lifecycle.

The inclusion of source identification steps is vital as it helps teams identify where risks may arise. Measures to reduce risks are central to a risk management plan, as they provide guidance on how to lessen the probability or impact of risks if they occur. Response strategies to identified risks are also crucial; these strategies describe how the team will react if a risk materializes, ensuring a proactive approach to risk management.

While project financial analysis is an essential component of overall project planning, it does not fall under the typical scope of a risk management plan. Instead, financial analysis focuses more on budgeting, cost estimations, and financial forecasting rather than the specific assessment and mitigation of risk factors within the project. Thus, this is why it is the correct answer to the question about what a risk management plan does not typically include.

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Response strategies to identified risks

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