You are the project manager for the NHH project. You are working with your project team to
examine the project from four different defined perspectives to increase the breadth of identified
risks by including internally generated risks. What risk identification approach are you using in this
example?
A.
Root cause analysis
B.
Influence diagramming techniques
C.
SWOT analysis
D.
Assumptions analysis
Explanation:
This is an example of SWOT analysis. SWOT analysis examines the strengths, weaknesses,
opportunities, and threats within the project and generated from within the organization.
SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. It is a part of business
policy that helps an individual or a company to make decisions. It includes the strategies to build
the strength of a company and use the opportunities to make the company successful. It also
includes the strategies to overcome the weaknesses of and threats to the company.
Answer D is incorrect. Assumptions analysis does not use four pre-defined perspectives for
review.
Answer A is incorrect. Root cause analysis examines causal factors for events within the project.
Answer B is incorrect. Influence diagramming techniques examines the relationships between
things and events within the project.