A team member identified a procurement risk and emailed the sponsor, who forwarded it to the project manager. After speaking with the sponsor, the project manager decides to take preventive action. Which document should the project manager review with the team?
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Correct answer: Risk management plan.
Why this is the answer
The Risk Management Plan is the correct document because it outlines how risks, once identified, will be managed throughout the project. It details processes for risk identification, analysis, response planning, and monitoring, which directly applies to the project manager's decision to take preventive action for the identified procurement risk. The Quality Management Plan focuses on ensuring project deliverables meet quality standards, not on managing identified risks. The Communications Management Plan defines how project information will be communicated, but it doesn't guide the response to a risk itself. The Procurement Management Plan details how procurements will be acquired and managed, but the response to a procurement risk is guided by the overarching risk management strategy.
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