A risk manager has been assigned to prepare a risk management plan for a new project. Which factor should the risk manager prioritize when tailoring the risk management processes for the new project?
A.
Available funds for risk management activities
B.
Size and duration of the project
C.
Maturity of the organization's risk management processes
D.
Number of stakeholders associated with the project
Tailoring risk management processes is mainly based on the size and duration (complexity) of the project. The PMBOK® Guide confirms:
"The size, complexity, and duration of the project are primary considerations when tailoring risk management activities. Larger or longer projects require more rigorous processes."
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