What is the expected outcome of developing the risk management plan?

A project manager has just been assigned to a new project. The project manager has been tasked by the project sponsor to ensure the project risks are closely managed. The project manager starts with developing the risk management plan.

What is the expected outcome of developing the risk management plan?
A . Being able to monitor and control risks throughout the project.
B. Defining how risk management will be executed throughout the project.
C. Documenting the communication strategy for risks throughout the project.
D. Having the ability to identify risks throughout the project.

Answer: B

Explanation:

The expected outcome of developing the risk management plan is to define how risk management activities will be executed throughout the project. This includes the processes, tools, and techniques that will be used to identify, assess, and manage risks.