An initiative involves the development of new technology and leverages existing technologies. It is determined critical by the program governance board and the program sponsor that a comprehensive risk management plan be put in place.
In what phase is the risk management plan created?
The risk management plan is created during the program definition phase. In this phase, the program's overall framework, including foundational plans that guide the program throughout its lifecycle, is established. This includes identifying potential risks early and formulating a comprehensive plan to manage and mitigate these risks, ensuring the program meets its critical objectives.
A is right.
A. Risk management planning is the part of program planning subphase, it is the definition phase.
A I think
Program Definition phase comprises of two sub phases - Program formulation where Business case, Charter, Roadmap and scope statement are created. The second subphase is Program Planning where required planning and documentations are completed. Correct Answer is A
A. Program definition phase. In the program definition phase, the program's overall approach is established, including the development of plans that will guide the program through its life cycle. This includes identifying risks and creating a risk management plan that outlines how risks will be managed throughout the program. The risk management plan is essential for identifying potential risks early on and developing strategies to mitigate them, ensuring that the program remains on track to meet its critical objectives.
A is correct During the program definition phase, the overall framework and foundational plans for the program are established, including the risk management plan. This phase involves identifying, assessing, and planning for potential risks that could impact the program. Creating the risk management plan early in the program ensures that risks are proactively managed throughout the program's lifecycle.