Why are risk tolerances and thresholds important to identify in the risk management Plan?5
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Q: Why are risk tolerances and thresholds important to identify in the risk management Plan?
- 1Tolerances and thresholds, when documented, can help to define the target by which the project team can measure the effectiveness of the risk response plan executiontrue
- 2Tolerances and thresholds help to define how often the risk management process will be performedfalse
- 3Tolerances and thresholds determine what tools and data sources will be used in risk managementfalse
- 4Tolerances and thresholds provide the basis for costing the risk management process as well as defining how risk activities will be recordedfalse
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