PMP Certification Question & Answers
Why are risk tolerances and thresholds important to identify in the risk management Plan?
|A) Tolerances and thresholds, when documented, can help to define the target by which the project team can measure the effectiveness of the risk response plan execution||B) Tolerances and thresholds help to define how often the risk management process will be performed|
|C) Tolerances and thresholds determine what tools and data sources will be used in risk management||D) Tolerances and thresholds provide the basis for costing the risk management process as well as defining how risk activities will be recorded|
Answer B defines the timing that should be addressed in the risk management plan. Answer C defines the methodology that should be identified in a risk management plan. Answer D touches on the budgeting and tracking that should be defined in the risk management plan.
Subject: PMP Certification
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