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CAPM Practice: Demonstrate an understanding of project management planning

Question 31 of 100 in Demonstrate an understanding of project management planning

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Pooja Menon is creating a risk register for a new software development project at Paragon Projects. A team member asks what information should be included. What should Pooja tell the team member?
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Correct answer: Identified risks, their probability and impact ratings, and planned response strategies

Explanation

A risk register documents identified risks along with their characteristics (such as probability and impact), priority ratings, assigned risk owners, and planned response strategies. It is a living document used throughout the project to track and manage risks proactively.

**Why not A:** The budget for risk management activities and contingency reserves is part of the cost management plan and cost baseline, not the risk register. The risk register focuses on documenting individual risks and their characteristics, not the overall risk budget.

**Why not B:** A risk register should include risks that have been identified but have not yet occurred, in addition to those that have materialized. Limiting it to only occurred risks defeats the purpose of proactive risk management, which aims to prepare for potential future events.

**Why not C:** While assumptions and constraints can give rise to risks, they are documented in their own respective logs or the project charter. The risk register specifically documents identified risks with their probability, impact, and response strategies, not a general list of assumptions and constraints.

Key Concept

This question covers Demonstrate an understanding of project management planning under Demonstrate an understanding of project management planning (Project Management Fundamentals and Core Concepts).

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