Quick Answer
The answer is the stakeholder management plan. This document captures each stakeholder’s identified needs, expectations, and influence levels, which directly inform their risk tolerance thresholds. By referencing the stakeholder management plan, the project manager can understand how different stakeholders perceive risk and what level of risk they are willing to accept, enabling tailored risk responses in the risk management plan. On the CAPM exam, this tests your understanding that risk tolerance is a stakeholder attribute, not a standalone risk register item—a common trap is confusing it with the risk management plan itself, which only outlines the process. A useful memory tip: think of the stakeholder management plan as the “who” document that reveals each person’s comfort zone, while the risk management plan is the “how” document that uses that information to set thresholds.
This CAPM practice question tests your understanding of predictive plan-based methodologies. Read the scenario carefully and evaluate each option against the stated constraints before committing to an answer. After answering, compare your reasoning against the explanation and wrong-answer breakdown below. Once you have made your selection, read the full explanation to reinforce the concept and understand why each distractor is designed to mislead on exam day.
A project manager is creating the risk management plan. Which document should the project manager reference to identify the risk tolerance of stakeholders?
Project scope statement
Why wrong: Defines scope, not risk tolerance.
Stakeholder management plan
Contains stakeholder risk tolerance.
Project charter
Why wrong: High-level but not detailed tolerance.
Risk register
Why wrong: Lists risks, not tolerance.
Answer choices
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
Stakeholder management plan
The stakeholder management plan documents stakeholders' identified needs, expectations, and influence levels, which directly inform their risk tolerance thresholds. The project manager references this plan to understand how different stakeholders perceive risk and what level of risk they are willing to accept, enabling tailored risk responses in the risk management plan.
Key principle: Answer the scenario, not the keyword: identify the specific constraint before choosing the most familiar-sounding option.
Answer analysis
For each option: why learners choose it and why it is or isn't the right answer here.
Project scope statement
Why it's wrong here
Defines scope, not risk tolerance.
Stakeholder management plan
Why this is correct
Contains stakeholder risk tolerance.
Related concept
Read the scenario before looking for a memorised answer.
Project charter
Why it's wrong here
High-level but not detailed tolerance.
Risk register
Why it's wrong here
Lists risks, not tolerance.
Common exam traps
The trap here is that candidates confuse the risk register (which contains identified risks) with the stakeholder management plan (which contains stakeholder risk tolerance), leading them to select option D instead of B.
Detailed technical explanation
Risk tolerance is a stakeholder attribute captured during stakeholder analysis, often documented in the stakeholder engagement assessment matrix within the stakeholder management plan. This plan may include a risk appetite statement for each key stakeholder, derived from interviews or historical data, which directly influences the probability and impact thresholds set in the risk management plan. In practice, a project manager might use a probability-impact matrix with customized thresholds per stakeholder group, ensuring risk responses align with their tolerance levels.
Key takeaway
Answer the scenario, not the keyword: identify the specific constraint before choosing the most familiar-sounding option.
Real-world example
A practitioner preparing for the CAPM exam encounters this exact type of scenario on the job. The correct answer here is not the most general option — it is the best answer for the specific constraint described. Answer the scenario, not the keyword: identify the specific constraint before choosing the most familiar-sounding option. Real exam questions reward reading the full scenario before eliminating options, because the constraint defines which answer fits.
What to study next
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FAQ
Predictive Plan-Based Methodologies — This question tests Predictive Plan-Based Methodologies — Read the scenario before looking for a memorised answer..
The correct answer is: Stakeholder management plan — The stakeholder management plan documents stakeholders' identified needs, expectations, and influence levels, which directly inform their risk tolerance thresholds. The project manager references this plan to understand how different stakeholders perceive risk and what level of risk they are willing to accept, enabling tailored risk responses in the risk management plan.
Identify which exam domain this question belongs to, review the core concept, then practise similar questions from the same domain.
Read the scenario before looking for a memorised answer.
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Last reviewed: Jun 11, 2026
This CAPM practice question is part of Courseiva's free PMI 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 CAPM exam.
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