BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Risk register.
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Expected monetary value of the risk events.
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List of corrective actions.
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Risk mitigation plan.
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Detailed explanation-1: -As per the PMBOK Guide, the risk register is the output of the Identify Risk process in the Risk Management knowledge area. The Identify Risk process is a planning process used to identify the risks, which could impact the project and understand the nature of those risks.
Detailed explanation-2: -The risk register is an output of the identified risks process, and updates to the risk register occur as an output of every risk process that follows this one.
Detailed explanation-3: -The primary output of Risk Management is a Risk Register or other documentation that identifies the associated risks and risk management strategies needed or deployed.
Detailed explanation-4: -Explanation. Risk Management plan is primary output of Risk Management Planning. Risk Register is primary Output of Qualitative Risk Analysis, Quantitative Risk Analysis, Risk Response Planning and Risk Monitoring & Control.
Detailed explanation-5: -A risk register is a document that is used as a risk management tool to identify potential setbacks within a project. This process aims to collectively identify, analyze, and solve risks before they become problems.