Identify Risk Process Tools & Techniques
Question
Jeff works as a Project Manager for www.company.com Inc.
He and his team members are involved in the identify risk process.
Which of the following tools & techniques will Jeff use in the identify risk process? Each correct answer represents a complete solution.
(Choose three.)
Answers
Explanations
Click on the arrows to vote for the correct answer
A. B. C. D.ABC.
The various tools & techniques used in the identify risk process are as follows: -> Documentation reviews -> Information gathering technique -> Checklist analysis -> Assumption analysis -> Diagramming techniques -> SWOT analysis -> Expert judgment.
As a Project Manager, Jeff is responsible for identifying and analyzing risks that may affect the project's objectives. The Identify Risks process involves identifying risks that may impact the project's objectives and documenting their characteristics. To achieve this, Jeff can use several tools and techniques, including:
A. Information gathering technique: This tool and technique is used to collect information about potential risks. It can be done through various methods, such as brainstorming sessions, interviews, surveys, or expert judgment. By gathering information from different sources, Jeff can identify potential risks that might not have been identified otherwise.
B. Documentation reviews: This technique involves reviewing project documents, such as project plans, requirements, and contracts, to identify potential risks. By reviewing these documents, Jeff can identify risks that might have been overlooked during other risk identification activities. It can also help him to better understand the project and identify risks associated with specific project requirements.
C. Checklist analysis: This technique involves using a predefined checklist of potential risks to identify risks that may impact the project. Jeff can use a standard checklist or develop his checklist, based on his previous experience, industry best practices, or project requirements. Checklist analysis is an efficient method to identify risks that are common to most projects.
D. Risk categorization: This technique involves grouping risks into categories based on their attributes. Jeff can use a predefined risk categorization scheme or develop his categorization scheme based on project requirements. Risk categorization helps to organize the identified risks and provide a basis for further analysis and response planning.
In summary, Jeff can use information gathering techniques, documentation reviews, checklist analysis, and risk categorization techniques to identify risks in the project. Each of these tools and techniques can be used alone or in combination to identify risks effectively.
