The Project Manager and team are planning the project. They are presently identifying things that could go differently than planned. They are also trying to identify warning signs that would show…

The correct answer is B. Risk Identification. Risk identification is the process of determining which risks may affect the project and documenting their characteristics. It includes identifying potential risk events and their triggers (warning signs that a risk could be about to occur). The scenario describes both…

Program Risk Management

Question

The Project Manager and team are planning the project. They are presently identifying things that could go differently than planned. They are also trying to identify warning signs that would show that these events could be on the verge of occurring. What is the team doing?

Options

ARisk analysis
BRisk Identification
CConformance to quality
DProblem solving

How the community answered

(28 responses)

A
7% (2)
B
89% (25)
D
4% (1)

Explanation

Risk identification is the process of determining which risks may affect the project and documenting their characteristics. It includes identifying potential risk events and their triggers (warning signs that a risk could be about to occur). The scenario describes both activities - identifying what could go wrong and identifying early warning indicators - which are core outputs of the risk identification process. Risk analysis comes after identification and involves assessing probability and impact. Conformance to quality and problem solving are unrelated processes.

Topics

#Risk Management#Risk Identification#Program Planning#Risk Triggers

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