Section: Volume D

Explanation/Reference:
Explanation:
Risks that are now outdated should be closed by the project manager, there is no need to keep record of that.
Incorrect Answers:
A: Risks do not go into the issue log, but the risk register.
C: Identified risks are already in the risk register.
D: Risks with low probability and low impact go on the risk watchlist.

Section: Volume D
Explanation:
Risks and the corresponding responses are documented in the risk register for the project. Risk register is a document that contains the results of the qualitative risk analysis, quantitative risk analysis, and risk response planning. Description, category, cause, probability of occurring, impact on objectives, proposed responses, owner, and the current status of all identified risks are put in the risk register.
Incorrect Answers:
A: The stakeholder management strategy defines how stakeholders and their threats, perceived threats, opinions, and influence over the project objectives will be addressed and managed.
B: The outcome of risk events and the corresponding risk responses may be documented in the project's lessons learned documented, but the best answer is to document the risk responses as part of the risk register.
D: The risk management plan defines how risks will be identified and analyzed, the available responses, and the monitoring and controlling of the risk events. The actual risk responses are included in the risk register.

Section: Volume D