Risk Identification Methods for Project Management | CRISC Exam Prep

Comprehensive List of Project Risks | CRISC Exam Preparation

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Question

Mary is a project manager in her organization.

On her current project she is working with her project team and other key stakeholders to identify the risks within the project.

She is currently aiming to create a comprehensive list of project risks so she is using a facilitator to help generate ideas about project risks.

What risk identification method is Mary likely using?

Answers

Explanations

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A. B. C. D.

C.

Mary is using brainstorming in this example.

Brainstorming attempts to create a comprehensive list of risks and often is led by a moderator or facilitator to move the process along.

Brainstorming is a technique to gather general data.

It can be used to identify risks, ideas, or solutions to issues by using a group of team members or subject- matter expert.

Brainstorming is a group creativity technique that also provides other benefits, such as boosting morale, enhancing work enjoyment, and improving team work.

Incorrect Answers: A: The Delphi technique uses rounds of anonymous surveys to generate a consensus on the identified risks.

B: Expert judgment is not the best answer for this; projects experts generally do the risk identification, in addition to the project team.

D: Checklist analysis uses historical information and information from similar projects within the organization's experience.

Mary is likely using the "brainstorming" risk identification method to create a comprehensive list of project risks. Brainstorming is a widely used risk identification technique that involves a group of people, including the project team and other key stakeholders, generating and sharing ideas about potential risks.

In this method, a facilitator is appointed to help stimulate discussion and ideas, and to manage the flow of the conversation. The facilitator's role is to encourage participation, ensure that all ideas are heard, and keep the discussion focused on the topic of identifying project risks.

Brainstorming is a useful technique for identifying risks because it encourages the free flow of ideas, without judgment or criticism, which can often lead to unique insights and perspectives that may not have been considered otherwise. Additionally, the involvement of multiple stakeholders in the brainstorming process can help ensure that all potential risks are identified, and that there is a broad consensus on the likelihood and impact of those risks.

The other answer options, "Delphi Techniques," "Expert Judgment," and "Checklist Analysis," are also commonly used risk identification techniques but are not the most likely methods being used by Mary in this scenario.

Delphi Techniques involve gathering input from a group of experts, who provide anonymous feedback and opinions on potential risks. Expert Judgment involves gathering input from individuals with specialized knowledge or experience relevant to the project, who are then asked to identify potential risks based on their expertise. Checklist Analysis involves using a pre-defined list of potential risks to identify and assess potential project risks.

In summary, Mary is likely using the "Brainstorming" risk identification method, which involves a group of people generating and sharing ideas about potential project risks, facilitated by a neutral facilitator.