Question 1

What is the PRIMARY output of the Identify Risks process?

Accepted Answer

The Risk Register, which contains the list of identified risks, potential risk owners, and potential risk responses.

Question 2

Which risk identification technique examines project documents such as plans, assumptions, and contracts to uncover risks?

Accepted Answer

Document Analysis (also called documentation reviews), which systematically reviews project artifacts to identify risks embedded in assumptions, constraints, and prior decisions.

Question 3

What does a Risk Breakdown Structure (RBS) provide in the risk identification process?

Accepted Answer

A hierarchical representation of risk categories that helps the team systematically identify risks by source, ensuring comprehensive coverage across all risk areas.

Question 4

What is the difference between a risk and an issue in project management?

Accepted Answer

A risk is an uncertain event that may occur in the future (positive or negative), while an issue is a risk that has already occurred and must be addressed immediately.

Question 5

Which technique uses a structured group discussion where a facilitator guides participants to identify risks using 'what if' scenarios and prompts?

Accepted Answer

Brainstorming, which encourages open, unrestricted idea generation from a diverse group to produce a comprehensive list of potential project risks.

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