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A risk management plan is a subset of the project management plan and describes how risk management should be performed. ?

All of the following should be included in the risk management plan EXCEPT: A. Budgeting, timing, risk categories B. Stakeholder tolerance, reporting formats C. Methodology, roles and responsibilities D. P-l matrix, tracking E. None of the choices are correct

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Question added by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.
Date Posted: 2019/03/13
Maher Mahmoud  Emair
by Maher Mahmoud Emair , Construction Project Manager , Self-employed

Project risk management includes monitoring and control of risks by identifying these risks and designing appropriate plans to track and respond to these risks as well as follow up the emergence of new risks and follow up on them at different stages of the project. Risks are managed in the projects through various tracks, The precautionary measures include the prevention of the appearance of the quality of the risks associated with the stage of the work of the project. There is also a corrective course, which includes an adjustment of the course of action at a stage of the project's work, resulting not only in avoiding the risks involved but also in raising the levelThe project risks may be in the form of defects or failures that are discovered or occur during the work stages of the project. In this case, all of these defects and problems are documented and dealt with in the repair, technical support, maintenance, documentation of these procedures and calculation. The costs and clarifications of their results will also be provided to support the progress of work in the project. All the risks involved in the different stages of the project work will be reviewed and appropriate plans prepared for dealing with and managing these risks in addition to following up and monitoring the safety of these plans and verifying that they are already under implementation. Safety of work stages In the project

Mahmoud Abdulkader    Darwish
by Mahmoud Abdulkader Darwish , Consultant Bridge Engineer , Brench IDS consulting company

C :Methodology, roles and responsibilities

Amal Ponkodi A R
by Amal Ponkodi A R , Senior Production Engineer , JSW Vijayanagar Metallics Limited

In any project outcome is the most important. The way we timely plan and exeute a project safely and efficiently determines favourable outcome. For me risk management is for the project team and not for stakeholders. They need the outcome within stipulated time. So B.

Muhammad Farooq
by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.

E. None of the choices are correct

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