GSLC · Question #414
You and your project team are just starting the risk identification activities for a project that is scheduled to last for 18 months. Your project team has already identified a long list of risks that
The correct answer is A. Identify risks is an iterative process.. According to the PMBOK Guide, risk identification is a continuous and iterative process that should be performed throughout the entire project lifecycle, not just once or limited to a specific phase.
Question
You and your project team are just starting the risk identification activities for a project that is scheduled to last for 18 months. Your project team has already identified a long list of risks that need to be analyzed. How often should you and the project team do risk identification?
Options
- AIdentify risks is an iterative process.
- BAt least once per month
- CIt depends on how many risks are initially identified.
- DSeveral times until the project moves into execution
How the community answered
(47 responses)- A91% (43)
- B2% (1)
- C2% (1)
- D4% (2)
Why each option
According to the PMBOK Guide, risk identification is a continuous and iterative process that should be performed throughout the entire project lifecycle, not just once or limited to a specific phase.
The PMBOK Guide explicitly states that the Identify Risks process is iterative because new risks may emerge as the project progresses, the project environment changes, or more information becomes available. Risk identification should occur at regular intervals and whenever significant changes arise, ensuring that the risk register remains current and actionable throughout all project phases.
Setting a fixed monthly cadence is overly prescriptive and does not align with PMBOK guidance, which requires risk identification to happen as needed based on project events and changes.
The number of initially identified risks does not determine how often risk identification should occur; new risks can emerge at any point regardless of the initial count.
Limiting risk identification to only before execution is incorrect because significant risks can surface during execution, monitoring, and closing phases of a project.
Concept tested: Iterative risk identification in project management
Source: https://www.pmi.org/pmbok-guide-standards/foundational/pmbok
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