Which practice area identifies risks, analyzes impact, plans mitigations, implements actions, and monitors risks?

Which practice area identifies risks, analyzes impact, plans mitigations, implements actions, and monitors risks?

• A. Validation
• B. Risk Management (RSKM) identifies risks, analyzes impact, plans mitigations, implements actions, and monitors risks.
• C. Project Planning
• D. Configuration Management

Answer: (B)

Risk Management handles the full lifecycle of risk on a project. It starts by identifying potential risks, then analyzes their possible impact on objectives (like schedule, cost, and scope). It then plans appropriate mitigations or responses, implements those actions, and continuously monitors risks to detect changes or new threats. This end-to-end coverage is exactly what the question describes, making it the best fit. Other areas focus on specific activities—validation centers on verifying product quality, project planning on creating and maintaining the plan, and configuration management on controlling changes to baselines—without encompassing the complete risk lifecycle.

Risk Management handles the full lifecycle of risk on a project. It starts by identifying potential risks, then analyzes their possible impact on objectives (like schedule, cost, and scope). It then plans appropriate mitigations or responses, implements those actions, and continuously monitors risks to detect changes or new threats. This end-to-end coverage is exactly what the question describes, making it the best fit. Other areas focus on specific activities—validation centers on verifying product quality, project planning on creating and maintaining the plan, and configuration management on controlling changes to baselines—without encompassing the complete risk lifecycle.