Most of the risks are identified during which risk management process?
Bruce is the project manager, and he is involved in creating the risk management plan and risk register. Risk identification is an iterative process, new risks evolve as the project progresses, and it will continue throughout the project. Participants in the risk identification process are project manager, project team, SME, customers, stakeholders, end users and other risk management experts. Bruce is working with all to identify the risks. Most of the risks are identified during which risk management process?
A. Performing quantitative risk analysis.
B. Performing qualitative risk analysis.
C. Identifying risks and monitor risks.
D. Monitoring risks.
Answer: Option C is correct.
Identifying risks and monitor risks
Most of the risks are identified during risk management process. The main objective is to identify risks and monitor risks. Identifying risk process is used to identify all the risks which affect the project and document their characteristics. Risk identification is an iterative process, new risks evolve as the project progresses, and it will continue throughout the project. Participants in the risk identification process are project manager, project team, SME, customers, stakeholders, end users and other risk management experts. Project team is involved in this process of risk identification for the purpose of ownership of risks as well as the responsibility of risk response actions. Major risk identification occurs during the planning process.