Six Sigma Green Belt Certification Practice Exam

During which phase of risk management are actions implemented to mitigate project risks?

1. Risk handling

2. Risk assessment

3. Risk analysis

4. Risk planning

The correct answer is: Risk analysis

The correct phase of risk management where actions are implemented to mitigate project risks is known as risk handling. This is the stage where specific strategies and actions are taken to minimize, transfer, avoid, or accept risks that have been identified in earlier phases. In risk handling, the project team assesses the effectiveness of potential solutions and implements the most appropriate actions to manage the identified risks, thereby mitigating their impact on the project's objectives. This phase translates planning and analysis into concrete actions that aim to reduce the likelihood or consequence of potential adverse outcomes. Risk assessment and risk analysis primarily involve identifying and evaluating risks, while risk planning focuses on developing strategies and plans to address these risks. Although these earlier phases are crucial in understanding and setting the groundwork for risk management, it is within risk handling that the actual implementation of these strategies occurs.