Tom works as a project manager for BlueWell Inc. He is determining which risks can affect the project. Which of the following inputs of the identify risks process is useful in identifying risks, and…

The correct answer is A. Activity cost estimates. Activity Cost Estimates are an input to the Identify Risks process that provide a quantitative assessment of the likely cost to complete scheduled activities. These estimates help identify financial risks-if costs are uncertain or volatile, that uncertainty itself signals…

Risk Process Facilitation

Question

Tom works as a project manager for BlueWell Inc. He is determining which risks can affect the project. Which of the following inputs of the identify risks process is useful in identifying risks, and provides a quantitative assessment of the likely cost to complete the scheduled activities?

Options

AActivity cost estimates
BCost management plan
CActivity duration estimates
DRisk management plan

How the community answered

(31 responses)

A
90% (28)
B
3% (1)
D
6% (2)

Explanation

Activity Cost Estimates are an input to the Identify Risks process that provide a quantitative assessment of the likely cost to complete scheduled activities. These estimates help identify financial risks-if costs are uncertain or volatile, that uncertainty itself signals potential risk. The Cost Management Plan (B) describes how costs will be planned and controlled but does not itself quantify activity costs. Activity Duration Estimates (C) relate to schedule risk, not cost. The Risk Management Plan (D) defines how risk processes will be executed, not what the costs are.

Topics

#Identify Risks#Inputs to Identify Risks#Activity Cost Estimates#Risk Identification Techniques

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