Project Risk Management Risk Identification Techniques 4

Question 1

During a risk identification workshop, a facilitator draws a central topic and branches for related ideas to explore risks holistically. Which technique is this?

Accepted Answer

Mind mapping

Answer

Mind mapping creates a visual radial diagram from a central concept, allowing teams to explore and connect risk ideas freely and holistically.

Question 2

A construction project team identifies risks by evaluating the project's internal strengths and weaknesses alongside external opportunities and threats. Which technique is this?

Accepted Answer

SWOT analysis

Answer

SWOT analysis examines internal (strengths, weaknesses) and external (opportunities, threats) factors, expanding risk identification beyond purely negative events.

Question 3

In risk identification, 'trigger conditions' are important because they:

Accepted Answer

Serve as early warning signs that a risk event may be about to occur

Answer

Trigger conditions (risk symptoms or warning signs) are indicators that alert the team a risk is imminent, enabling timely response activation.

Question 4

A project manager interviews procurement specialists, legal counsel, and technical leads separately to gather risk perspectives. This approach best illustrates which principle of effective risk identification?

Accepted Answer

Diverse stakeholder perspectives improve risk identification completeness

Answer

Engaging diverse stakeholders from different disciplines surfaces risks across technical, legal, and organizational dimensions that no single perspective would capture.

Question 5

Which statement BEST describes the iterative nature of risk identification in a project?

Accepted Answer

New risks can emerge throughout the project and should be identified continuously

Answer

Risk identification is an ongoing, iterative process because new risks can emerge as the project progresses and the environment changes.

Project Risk Management Practice Test

Project Risk Management Practice Test

Project Risk Management Risk Identification Techniques 4