You are the project manager of a large construction project. This project will last for 18 months
and will cost $750,000 to complete. You are working with your project team, experts, and
stakeholders to identify risks within the project before the project work begins. Management wants
to know why you have scheduled so many risk identification meetings throughout the project
rather than just initially during the project planning. What is the best reason for the duplicate risk
identification sessions?
A.
The iterative meetings allow all stakeholders to participate in the risk identification processes
throughout the project phases.
B.
The iterative meetings allow the project manager to discuss the risk events which have passed
the project and which did not happen.
C.
The iterative meetings allow the project manager and the risk identification participants to
identify newly discovered risk events throughout the project.
D.
The iterative meetings allow the project manager to communicate pending risks events during
project execution.
Explanation:
Risk identification is an iterative process because new risks may evolve or become known as the
project progresses through its life cycle.
Answer D is incorrect. The primary reason for iterations of risk identification is to identify new risk
events.
Answer B is incorrect. Risk identification focuses on discovering new risk events, not the events
which did not happen.
Answer A is incorrect. Stakeholders are encouraged to participate in the risk identification
process, but this is not the best choice for the