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Question 1
What is the PRIMARY output of the Identify Risks process?
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?
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?
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?
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?
Answer: Brainstorming, which encourages open, unrestricted idea generation from a diverse group to produce a comprehensive list of potential project risks.