An organization is embarking on a multi-million-dollar project with numerous identified risks. What should the project risk team do to navigate the risks on this project?

Question

Options

• AGo for a low-risk threshold of ?% around a cost objective.
• BConfirm stakeholders risk thresholds based on risk appetites.
• CConduct risk identification to populate the risk register.
• DGo for a high-risk threshold of ?0% around a cost objective.

• A
  13% (5)
• B
  8% (3)
• C
  78% (31)
• D
  3% (1)

Explanation

Populating the risk register through formal risk identification is the foundational step that enables all subsequent risk navigation activities. Even when risks have been informally noted, they must be formally documented in the risk register with sufficient detail (description, category, triggers, potential responses) before analysis, threshold-setting, or response planning can proceed effectively. Setting a specific risk threshold percentage (A or D) is premature without knowing the full risk landscape. Confirming stakeholder thresholds (B) is important but is done after risks are documented, not before. A well-populated risk register is the prerequisite that the entire risk management process depends on.

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