RMP - 3. RISK IDENTIFICATION

Which of the following are examples of data gathering tools?

• Work breakdown structure and historical data.
• Questionnaires and historical data.
• Risk management plan and interviews.
• Work breakdown structure and interviews.

A project sponsor believes that the only risks to the project are financial risks and no need for additional risk management. As a project manager, which of the following tools and techniques could you use to identify other potential topics such as technical, communication, project management and internal and external risks?

• Review RACI chart.
• Decision tree analysis and Ishikawa diagram.
• Prompt lists and risks breakdown structure.
• Monte Carlo analysis and Delphi technique.

A risk manager of a complex project has identified a risk and believes a deeper understanding of the source and likelihood is necessary. How should the risk manager proceed?

• Develop and employ an Ishikawa diagram.
• Perform a review of project documents.
• Create prompt lists for expert interviews.
• Analyze the assumptions and constraints.

A project manager needs a method to create a quick and simple approach to risk identification to communicate the project risk with the stakeholders. Which one of the following approaches to risk identification should the project manager choose to provide a quick and simple listing of the project risks?

• Brainstorming.
• Assumptions analysis,
• Delphi Technique.
• Checklist analysis.

A project manager assigns a risk owner during which of the following processes?

• Identify risks.
• Plan risk management.
• Control risks.
• Plan risk responses.

You and your project team are just starting the risk identification activities for a project that is scheduled to last 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?

• Several times until the project moves into execution.
• Identifying risks is an iterative process.
• At least once per month.
• It depends on how many risks are initially identified.

An organization faces immense competition in the market and decides to accelerate a key project. What is the first action for the project risk manager to take?

• Revise the risk management plan.
• Update the risk register.
• Ensure sufficient resources are available.
• Meet with the project's stakeholders.

The building of an industrial plant has been stopped for four months due to region-specific prohibitions. What should the project manager have done to avoid this issue?

• Made a prioritized list of the project constraints.
• Crashed the project schedule.
• Documented all assumptions.
• Identified this as a risk in the risk register.

A project manager is working on a project for which some requirements have not been clearly defined. The customer insists that this should not be considered a problem and that the project should continue without delay. What should the project manager do?

• Speak with the customer to avoid the risk.
• Accept the risk and start project work.
• Meet with the team to discuss the concerns.
• Log the risk in the risk register.

A project manager has requested a risk manager facilitate risk identification on a project. While facilitating this effort, the project manager wants to ensure that stakeholders interact and provide their expertise so that an exhaustive list of risks is created. Which risk identification technique should the risk manager use?

• Interviews.
• Nominal group technique.
• Prompt lists.
• Delphi technique.