CGRC Question #380: Real Exam Question with Answer & Explanation

Question

You are the project manager for the NHH project. You are working with your project team to examine the project from four different defined perspectives to increase the breadth of identified risks by including internally generated risks. What risk identification approach are you using in this example? Response:

Options

• ASWOT analysis
• BRoot cause analysis
• CAssumptions analysis
• DInfluence diagramming techniques

Explanation

Examining a project from four perspectives-Strengths, Weaknesses, Opportunities, and Threats-to identify risks, including internally generated ones, describes a SWOT analysis.

Common mistakes.

• B. Root cause analysis is typically used to identify the underlying causes of existing problems or incidents, not primarily for broad, forward-looking risk identification.
• C. Assumptions analysis focuses on identifying risks associated with project assumptions that might prove false, which is a narrower scope than a four-perspective view.
• D. Influence diagramming techniques graphically represent relationships between variables and outcomes, often for decision-making or modeling complex scenarios, but do not inherently involve a four-perspective examination for risk identification.

Concept tested. Risk identification techniques - SWOT analysis

Reference. https://learn.microsoft.com/en-us/dynamics365/customer-service/swot-analysis

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