Explanation/Reference:
Explanation:
Following are the tasks that are involved in articulating risk:
Communicate risk analysis results.

Report risk management activities and the state of compliance.

Interpret independent risk assessment findings.

Identify business opportunities.

is incorrect. The risk rating can be an indicator of the risk urgency.

A, and C are incorrect. These all choices itself comes under risk action plan. As in the described scenario, risk action plan is not turned to be effective, these should not be implemented again.

Explanation/Reference:
Explanation:
Risk responses require a formal approach to issues, opportunities and events to ensure that solutions are cost-effective and are aligned with business objectives. The following should be considered:
While preparing the risk response, identify the risk in business terms like loss of productivity, disclosure

of confidential information, lost opportunity costs, etc.
Recognize the business risk appetite.

Follow an integrated approach in business.

Risk responses requiring an investment should be supported by a carefully planned business case that justifies the expenditure outlines alternatives and describes the justification for the alternative selected.
Incorrect Answers:
C: There is no such requirement to follow the pre-defined risk responses. If some new risk responses are discovered during the risk management of a particular project, they should be noted down in lesson leaned document so that project manager working on some other project could also utilize them.