PMI Risk Management Professional Practice Exam

What is the primary focus of a risk response plan?

1. Identifying potential risks.

2. Planning proactive measures to address identified risks.

3. Documenting lessons learned from past projects.

4. Recording stakeholder feedback.

The correct answer is: Planning proactive measures to address identified risks.

The primary focus of a risk response plan is to plan proactive measures to address identified risks. This involves developing strategies that can help mitigate, transfer, accept, or avoid risks that have been previously identified during the risk assessment process. A well-structured risk response plan lays out how the project team will respond should specific risks materialize, thus ensuring that the project remains on track and within scope, budget, and timeline. By focusing on proactive measures, the plan is designed to minimize the impact of risks on project objectives. This approach emphasizes the importance of preparation and contingency planning, enabling teams to act swiftly and effectively when faced with challenges. The other options touch on various aspects of risk management but do not capture the core purpose of a risk response plan specifically. Identifying potential risks is an essential first step in risk management but does not encompass the follow-through required in a response plan. Documenting lessons learned serves a different purpose, focusing on improving future projects rather than directly addressing current or identified risks. Recording stakeholder feedback, while important for project success, relates more to stakeholder engagement and communication rather than the development of a robust risk management strategy. Thus, the true essence of a risk response plan lies in its proactive measures to handle risks effectively.