PMI-RMP Question #508: Real Exam Question with Answer & Explanation

Question

When conducting a risk identification exercise, what two actions should the risk manager take? (Choose two.)

Options

• ARequest a contingency reserve from management
• BArrange a team meeting, review the project's scope, and discuss dependency mapping
• CEnsure participants review relevant documents before attending the meeting
• DEnsure that all the relevant stakeholders participate
• EUpdate the risk register during the team meeting.

Explanation

One of the tools and techniques for the identify risks process is data gathering. Data gathering is the process of collecting information from various sources to identify potential risks that may affect the project objectives. Some of the data gathering techniques are brainstorming, interviews, checklists, assumption and constraint analysis, and document analysis. To conduct a risk identification exercise using data gathering techniques, the risk manager should take the following actions: Arrange a team meeting, review the project's scope, and discuss dependency mapping. This action can help the risk manager to facilitate a brainstorming session with the project team and other subject matter experts, where they can generate a list of potential risks based on the project scope and the dependencies among the project activities. Dependency mapping is a technique that helps to identify the relationships and interdependencies among the project components, such as tasks, resources, deliverables, and stakeholders. By reviewing the project scope and discussing the dependency mapping, the risk manager can ensure that the risk identification exercise covers all the relevant aspects of the project and does not miss any important risk sources. Ensure that all the relevant stakeholders participate. This action can help the risk manager to obtain different perspectives and insights from the stakeholders who have different roles, interests, and expectations in the project. Stakeholders are individuals or groups who can affect or be affected by the project outcomes. They may have valuable information, experience, or expertise that can help to identify potential risks that may not be obvious to the project team. By ensuring that all the relevant stakeholders participate in the risk identification exercise, the risk manager can increase the comprehensiveness and accuracy of the risk identification process and foster stakeholder engagement and buy-in.

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