Identify Risks

D.

The Identify Risks step is a crucial part of the risk management process. This step involves identifying potential risks or uncertainties that could impact the successful delivery of project objectives.

Option D, "Identify uncertainties that may impact on the delivery of the project objectives," best describes the Identify Risks step. During this step, project managers and team members gather information about potential risks, including external factors such as market changes, regulatory changes, or natural disasters, as well as internal factors such as team dynamics, technology limitations, or scope creep.

It is important to note that the Identify Risks step should not focus solely on negative risks, but also on positive risks, or opportunities that could benefit the project if they are effectively managed. These positive risks could include factors such as technological advancements or unexpected stakeholder support.

Option A, "Identify responses to risks documented in the Business Case," is incorrect because identifying responses to risks comes later in the risk management process. Once risks have been identified, project managers and team members can develop a plan to respond to each risk.

Option B, "Gather information about the project environment and objectives," is also incorrect because while this step is important in understanding the project context, it is not the sole focus of the Identify Risks step.

Option C, "Identify the roles to be involved in risk management activities," is incorrect because while it is important to identify the roles and responsibilities of team members in risk management, this is not the primary focus of the Identify Risks step.