Final answer:
The core area that includes plan risk management, identify risks, and implement risk responses is called Project Risk Management, usually part of the PMBOK guidelines in project management education.
Step-by-step explanation:
The project management core area that includes plan risk management, identify risks, and implement risk responses is known as Project Risk Management.
This area focuses on proactively identifying and addressing potential risks that could affect the project's success.
Implementing risk management ensures that risks are effectively analyzed and managed throughout the project lifecycle, allowing for informed decision-making and response planning.
In the context of PMI's Project Management Body of Knowledge (PMBOK), these processes fall under the Risk Management knowledge area, which is dedicated to identifying, analyzing, and responding to project risks.
Planning for risk management sets the groundwork for how risk management will be conducted, identifying risks involves determining which potential risks may impact the project, and implementing risk responses includes taking steps to enhance opportunities and reduce threats to the project's objectives.