PMI Risk Management Professional Practice Exam

In which project document can a project manager find guidelines on risk and assigned responsibilities?

1. Risk register

2. Lessons learned register

3. Risk report

4. Project management plan

The correct answer is: Project management plan

The project management plan is the comprehensive document that outlines how the project is executed, monitored, and controlled. This includes guidelines on risk management, detailing the processes, methodologies, and responsibilities related to identifying, analyzing, and responding to risk throughout the project lifecycle. Within the project management plan, there are specific components dedicated to risk management, such as the risk management plan, which defines how risk management activities will be conducted and assigns responsibilities to team members for managing these risks. The risk register, while it serves as a tool to document identified risks, their analysis, and response strategies, does not provide overarching guidelines or clarify the responsibilities assigned across the project; it is more focused on the active management of risks. The lessons learned register captures insights from previous projects that could inform risk practices but does not offer direct guidelines for the current project. The risk report provides a summary of risk information, but again, it doesn’t outline the guidelines or responsibilities as a whole. Thus, the project management plan remains the key document for this purpose.