Risk Identification Inputs for GHY Project | CRISC Exam Prep

Not an Input to Risk Identification Process for GHY Project

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Question

You are the project manager of the GHY project for your organization.

You are working with your project team to begin identifying risks for the project.

As part of your preparation for identifying the risks within the project you will need eleven inputs for the process.

Which one of the following is NOT an input to the risk identification process?

Answers

Explanations

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A. B. C. D.

D.

The procurement management plan is not one of the eleven inputs for the risk identification process.

The eleven inputs to this process are: -> risk management plan -> activity cost estimates -> activity duration estimates -> scope baseline -> stakeholder register -> cost management plan -> schedule management plan -> quality management plan -> project documents -> enterprise environmental factors -> organizational process assets.

The risk identification process involves identifying and documenting potential risks that may affect the project's objectives. This process is an essential part of the overall risk management process, as it helps project managers and stakeholders understand the potential threats and opportunities that may arise during the project's execution.

The eleven inputs required for the risk identification process are:

  1. Project charter: It provides the high-level project overview, including project goals, scope, and stakeholders.

  2. Project management plan: It includes the project's scope, schedule, budget, quality, and resource management plans.

  3. Stakeholder register: It identifies all the stakeholders involved in the project, including their interests, expectations, and potential impact on the project's success.

  4. Organizational process assets: It includes the organization's policies, procedures, and historical data that may influence the project's risk environment.

  5. Enterprise environmental factors: It includes external factors, such as economic, legal, social, and cultural factors that may impact the project's risk environment.

  6. Contracts: It includes any agreements or contracts that may affect the project's risk environment.

  7. Agreements: It includes any formal agreements with external parties, such as partners or vendors, that may affect the project's risk environment.

  8. Project documents: It includes any project-related documents, such as project schedules, cost estimates, and status reports that may help identify potential risks.

  9. Assumption log: It documents any assumptions made during project planning, which may have an impact on the project's risk environment.

  10. Work performance data: It includes data on the project's actual performance, which may help identify potential risks.

  11. Change log: It documents any changes made to the project's scope, schedule, budget, or resources, which may have an impact on the project's risk environment.

Out of the given options, the quality management plan, stakeholder register, and procurement management plan are inputs to the risk identification process. However, the cost management plan is not an input to the risk identification process.

The cost management plan is an input to the cost estimation process, which is a separate process from the risk identification process. The cost management plan outlines how the project's costs will be planned, structured, and controlled throughout the project's lifecycle. It includes cost baselines, cost estimates, and cost control measures. While the cost management plan may impact the project's risk environment indirectly, it is not directly involved in identifying potential risks.