You are completing the qualitative risk analysis process with your project team and are relying on
the risk management plan to help you determine the budget, schedule for risk management, and
risk categories. You discover that the risk categories have not been created. When the risk
categories should have been created?

A.
Define scope process

B.
Risk identification process

C.
Plan risk management process

D.
Create work breakdown structure process

Explanation:

The plan risk management process is when risk categories were to be defined. If they were not
defined, as in this scenario, it is acceptable to define the categories as part of the qualitative risk
analysis process.
Plan risk management is the process of defining the way to conduct the risk management
activities. Planning is essential for providing sufficient resources and time for risk management
activities, and to establish a agreed-upon basis of evaluating risks. This process should start as
soon as project is conceived and should be completed early during project planning.
Answer A is incorrect. Risk categories are not defined through the define scope process.
Answer D is incorrect. Risk categories are not defined through the create work breakdown
structure process.
Answer B is incorrect. Risk categories are not defined through the risk identification process.