Q:
      
      
         
            
Why are risk tolerances and thresholds important to identify in the risk management Plan?
         
       
      
      
      
          
      
      
          Answer & Explanation
         Answer: 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         
         
Explanation: 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.
       
      
      
      
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