Section: Volume C
Explanation:
Among the given choices only Acceptance response is used for negative risk events. Risk acceptance means that no action is taken relative to a particular risk; loss is accepted if it occurs. If an enterprise adopts a risk acceptance, it should carefully consider who can accept the risk. Risk should be accepted only by senior management in relationship with senior management and the board. There are two alternatives to the acceptance strategy, passive and active.
* Passive acceptance means that enterprise has made no plan to avoid or mitigate the risk but willing to accept the consequences of the risk.
* Active acceptance is the second strategy and might include developing contingency plans and reserves to deal with risks.
Incorrect Answers:
A, B, C: These all are used to deal with opportunities or positive risks, and not with negative risks.

Section: Volume C
Explanation:
The Communications Management Plan defines, in regard to risk management, who will be available to share information on risks and responses throughout the project.
The Communications Management Plan aims to define the communication necessities for the project and how the information will be circulated. The Communications Management Plan sets the communication structure for the project. This structure provides guidance for communication throughout the project's life and is updated as communication needs change. The Communication Managements Plan identifies and defines the roles of persons concerned with the project. It includes a matrix known as the communication matrix to map the communication requirements of the project.
Incorrect Answers:
A: The Resource Management Plan does not define risk communications.
C: The Risk Management Plan deals with risk identification, analysis, response, and monitoring.
D: The stakeholder management strategy does not address risk communications.

Explanation/Reference:
Explanation:
The procurement management plan is not one of the eleven inputs for the risk identification process. The eleven inputs to this process are:
risk management plan

activity cost estimates

activity duration estimates

scope baseline

stakeholder register

cost management plan

schedule management plan

quality management plan

project documents

enterprise environmental factors

organizational process assets.