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When should the risk categories have been created?

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 should the risk categories have been created?

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A.
Plan risk management process

B.
Risk identification process

C.
Create work breakdown structure process

D.
Define scope process

Explanation:

The plan risk management process is when risk categories were to be defined. If they were not defined, as in this instance, it is acceptable to define the categories as part of the qualitative risk analysis process.

Answer option D is incorrect. Risk categories are not defined through the define scope process.

Answer option C is incorrect. Risk categories are not defined through the create work breakdown structure process.

Answer option B is incorrect. Risk categories are not defined through the risk identification process.

Reference: "Project Management Body of Knowledge (PMBOK Guide), Fourth Edition"


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