You are the project manager of the GHY project for your company. This project has a budget of $543,000 and is expected to last 18 months. In this project, you have identified several risk events and created risk response plans. In what project management process group will you implement risk response plans? 

Answer options:

A. Monitoring and Controlling
B. In any process group where the risk event resides
C. Planning
D. Executing

A

The monitor and control project risk process resides in the monitoring and controlling project management process group. This process is responsible for implementing risk response plans, tracking identified risks, monitoring residual risks, identifying new risks, and evaluating risk process effectiveness through the project. Incorrect Answers: B: Risk response plans are implemented as part of the monitoring and controlling process group. C: Risk response plans are not implemented as part of project planning. D: Risk response plans are not implemented as part of project execution.