The expected monetary value of a project is above USS1 million. The risk manager is concerned about this situation, and decides to review the related plans and processes to evaluate the degree of variation from the baseline. Next, the risk manager needs to document the results of such an analysis.
What is the best document for the project manager to reference to find out where the results of such an analysis should be documented?
The correct document for documenting the results of an analysis involves an evaluation of the degree of variation from the baseline related to risks in a project is the Risk Management Plan. The Risk Management Plan includes processes for risk management activities, such as risk identification, analysis, planning, monitoring, and reporting. Therefore, it is the appropriate reference to find out where to document the results of such an analysis.
C is the answer.
a. CMP >> Plan that details how information has to be communicated, not stored; besides formats and frequency of comms. b. Issue log >> There is not an issue, we have a concern and some data about an evaluation. Question is not saying anything about an issue. d. Lessons learned >> what is the valuable insight? Could it be. But this is for keeping important data that we learned, not to store just analysis and evaluations. c. Risk Management Plan >> It could include data about risk identification, analysis, planning, monitoring and reporting. So, to find out where to go or where the results should be documented, they should go Risk Management Plan
You need to check in the CMP where to store this information. -> A
Ans: B