A new project manager is beginning work on her first project. She is planning to use her training to implement many risk identification methods. She realizes that some identified risks will be managed throughout the project, while others will not be considered important enough to deal with. She is aware that risk management is ongoing throughout the project, as new risks may be identified, risk ratings may change, and the project itself may change. She realizes that all the following are common results of risk management except
a. Contract terms and conditions are created.
b. The project charter is changed.
c. The communications management plan is changed
d. The project management plan is changed.
The correct answer is: The project charter is changed.
A contract is a tool to transfer risk. The project management plan could change to include a modified WBS and new work packages related to mitigating risk. The communications management plan could change as a way to address a risk. A change to the charter is a fundamental change to the project and may require a major adjustment to all aspects of the project management plan. It is not a common result of risk management efforts