Not a Document for Identifying and Communicating Project Risks
Question
You work as a project manager for BlueWell Inc.
You are preparing for the risk identification process.
You will need to involve several of the project's key stakeholders to help you identify and communicate the identified risk events.
You will also need several documents to help you and the stakeholders identify the risk events.
Which one of the following is NOT a document that will help you identify and communicate risks within the project?
Answers
Explanations
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A. B. C. D.D.
Risk register is not an input to risk identification, but it is an output of risk identification.
Incorrect Answers: A, B, C: These are an input to risk identification.
Identify Risks is the process of determining which risks may affect the project.
It also documents risks' characteristics.
The Identify Risks process is part of the Project Risk Management knowledge area.
As new risks may evolve or become known as the project progresses through its life cycle, Identify Risks is an iterative process.
The process should involve the project team so that they can develop and maintain a sense of ownership and responsibility for the risks and associated risk response actions.
Risk Register is the only output of this process.
The correct answer is B. Activity duration estimates.
Risk identification is a critical process in project management, where the project manager and key stakeholders identify and document potential risks that may impact the project's objectives. The primary goal of this process is to develop an extensive list of potential risks that may occur during the project's lifecycle and to determine their probability, impact, and priority.
To identify and communicate risk events, project managers use various documents and tools, including stakeholder registers, risk registers, and activity cost estimates. These documents help project managers and stakeholders to understand the project's scope and requirements and to identify potential risks.
Stakeholder registers help identify and prioritize the stakeholders who will be impacted by the project and who can provide valuable insights into potential risks. It includes information such as the stakeholder's name, role, expectations, interests, and potential influence.
The risk register is another critical document used in risk identification. It is a database that contains information on potential risks, including their probability of occurrence, impact, severity, and potential response strategies. The risk register is continuously updated throughout the project's lifecycle, and it is used to monitor and control the identified risks.
Activity duration estimates are not directly related to identifying and communicating potential risks. Instead, they are used to estimate the time required to complete each project activity. These estimates are typically used to develop project schedules and to allocate resources, rather than identifying risks.
In conclusion, while stakeholder registers, activity cost estimates, and risk registers are essential documents in risk identification, activity duration estimates are not typically used to identify and communicate potential risks within a project.
