Section: Volume C
Explanation:
11.1.3.1 Risk Management Plan
The risk management plan is a component of the project management plan and describes how risk management activities will be structured and performed. The risk management plan includes the following:
Methodology. Defines the approaches, tools, and data sources that will be used to perform risk

management on the project.
Roles and responsibilities. Defines the lead, support, and risk management team members for each type

of activity in the risk management plan, and clarifies their responsibilities.
Budgeting. Estimates funds needed, based on assigned resources, for inclusion in the cost baseline and

establishes protocols for application of contingency and management reserves.
Timing. Defines when and how often the risk management processes will be performed throughout the

project life cycle, establishes protocols for application of schedule contingency reserves, and establishes risk management activities for inclusion in the project schedule.

Explanation/Reference:
Explanation:
Process: 12.4 Close Procurements
Definition: The process of completing each project procurement.
Key Benefit: The key benefit of this process is that it documents agreements and related documentation for future reference.
Inputs
1. Project management plan
2. Procurement documents
Tools & Techniques
1. Procurement audits
2. Procurement negotiations
3. Records management system
Outputs
1. Closed procurements
2. Organizational process assets updates

Section: Volume D
Explanation:
CPI = EV / AC