As a project manager in the planning phase, you have created a project schedule and accounted for the total costs. What is the third major planning component you will create?1 pointA team performance chartA work breakdown structureA risk management planA feedback form
Question
As a project manager in the planning phase, you have created a project schedule and accounted for the total costs. What is the third major planning component you will create?1 pointA team performance chartA work breakdown structureA risk management planA feedback form
Solution
The third major planning component a project manager will create after creating a project schedule and accounting for the total costs is a risk management plan. This plan identifies potential risks, quantifies the impacts of these risks, and develops responses to them. It is a crucial part of project planning as it helps to anticipate and mitigate potential problems that could derail the project.
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