PMP Exam Cram™ 2

The Role of Risk Management in the Core Planning Process

Although all but one of the project risk management processes is defined as a “planning” process, only one is defined as a “core” planning process: risk management planning (11.1 PMBOK). The remaining risk management planning processes will be covered in the next chapter.

Here are the key points to recall about the risk management planning process:

• PMI considers risk management planning a “core” planning process because it plans the critical risk management process and should always be done as part of project planning.

• A risk management plan is not a risk response plan.

To PMI, a risk management ...