Which of the following statements is False regarding the Risk Management Strategy?
Which of the following statements is False regarding the Risk Management Strategy?
The Risk Management Strategy is a high-level document that outlines how risk will be managed throughout the project. It does not capture and maintain all relevant information on identified threats and opportunities; this is typically done in a more detailed Risk Register or similar document. Instead, the Risk Management Strategy includes elements such as the overall approach to risk, risk tolerances, and responsibilities toward risk management within the project. Therefore, the statement that it captures and maintains all relevant information on identified threats and opportunities is false.
As per syllabus of 6th edition, Risk Management Strategy becomes Risk Management Approach. The product defines how the project affords the risk theme, but not what project's risks actually are (ref. A.24).
No, the Risk Management Strategy does not cover all the detailed information on identified threats and opportunities. Instead, it provides a high-level framework and approach for how risk management will be conducted within the project. The strategy typically includes the following elements:
I think it's B (10.2)