PRINCE2F PRINCE2 Practices Practice Question
A project is in the Initiating a Project process. The project manager is creating the Risk Management Approach. Which of the following should be included in this approach?
⚠ Common exam trap
PeopleCert often tests the distinction between the Risk Management Approach (a strategy document) and the Risk Register (a live log of risks), leading candidates to mistakenly include the risk register as part of the approach.
Answer choices
Why each option matters
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
The risk categories to be used for classifying risks.
In the Initiating a Project process, the Risk Management Approach is a strategy document that defines how risk management will be performed throughout the project. It must include the risk categories (e.g., technical, external, organizational) used to classify risks, as these provide a consistent framework for identifying and assessing risks. The risk register, risk appetite, and risk budget are not part of the approach itself; they are outputs of later processes or separate management products.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
The risk register with identified risks.
Why it's wrong here
The risk register is a dynamic log, not part of the approach document.
- ✓
The risk categories to be used for classifying risks.
Why this is correct
Risk categories help structure risk identification and are a key component of the Risk Management Approach.
- ✗
The risk appetite of the organization.
Why it's wrong here
Risk appetite is an organizational factor that influences the approach but is not defined within it.
- ✗
The risk budget for the project.
Why it's wrong here
The risk budget is a resource allocation, not a description of the risk management approach.
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Written by Johnson Ajibi, MSc IT Security
Senior Network & Security Engineer · founder of Courseiva
This PRINCE2F practice question is part of Courseiva's free PeopleCert certification practice question bank. Courseiva provides original exam-style practice questions with explanations, topic-based practice, mock exams, readiness tracking, and study analytics to help learners prepare for the PRINCE2F exam.