Paul is the project manager in a technology company which innovates smart technology projects. He used to conduct daily stand up meetings at 9 am. His offshore team members and onsite team members participate in the daily stand-up meetings. In today’s meeting, they had an argument related to risks. One of the team members argues that only the initiating stage risks are higher, and in the later stages, risks will be reduced. During which phase of the project are risks and uncertainties higher?

During the Initiating phase of the projects project risks and uncertainties are higher

Paul is the project manager in a technology company which innovates smart technology projects. He used to conduct daily stand up meetings at 9 am. His offshore team members and onsite team members participate in the daily stand-up meetings. In today’s meeting, they had an argument related to risks. One of the team members argues that only the initiating stage risks are higher, and in the later stages, risks will be reduced. During which phase of the project are risks and uncertainties higher?

A. Planning.
B. Executing.
C. Initiating.
D. Monitor & control.

Answer: Option C is correct. During the Initiating phase of the projects project risks and uncertainties are higher. Risk and uncertainty high at the beginning of the project and decrease during the course of the project.