You are the project manager of a large construction project. This project will last for 18 months and will cost $750,000 to complete. You are working with your project team, experts, and stakeholders to identify risks within the project before the project work begins. Management wants to know why you have scheduled so many risk identification meetings throughout the project rather than just initially during the project planning. What is the best reason for the duplicate risk identification sessions?

• A.The iterative meetings allow the project manager and the risk identification participants to identify newly discovered risk events throughout the project.
• B.The iterative meetings allow the project manager to discuss the risk events which have passed the project and which did not happen.
• C.The iterative meetings allow the project manager to communicate pending risks events during project execution.
• D.The iterative meetings allow all stakeholders to participate in the risk identification processes throughout the project phases.

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During the execution of a multi-million dollar project, the project manager learns of the theft of important installation materials at one of the most time-critical sites. The project manager contacts the risk manager to discuss further steps, based on the risk register and the defined risk strategy for the risk of theft. However, the risk manager clarifies that the risk of theft was not identified in the risk management process.
What should the project manager do next?

• A.Update the project schedule and inform the stakeholders about the project schedule delay.
• B.Deal with the issue and instruct the risk manager to include the risk of theft in the issue log.
• C.Instruct the risk manager to transfer the risk of theft to an insurance company and capture the experience in the lessons learned.
• D.Make the risk manager responsible for the damage caused by the missing risk strategy for theft and update the project schedule.

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You are the project manager of the GYH project for your organization. Management has asked you to begin identifying risks and to use an information gathering technique. Which one of the following risk identification approaches is an information gathering technique?

• A.Documentation reviews
• B.Assumptions analysis
• C.Root cause analysis
• D.SWOT analysis

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You are the project manager for the TTR project. You are in the process of gathering information for risk identification. You ask experts to participate in the process through their emails for maintaining anonymity. You collect the responses, summarize them, and are then re-circulated to the experts for further comment. Which of the following techniques are you using for risk identification?

• A.Delphi
• B.Brainstorming
• C.Expert judgment
• D.SWOT analysis

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Jeff works as a project manager for BlueWell Inc. He is determining which risks can affect the project.
Which of the following are the inputs to the identify risks process that Jeff will use to accomplish the task?
Each correct answer represents a complete solution. Choose all that apply.

• A.Activity cost estimates
• B.Risk management plan
• C.Risk register
• D.Scope baseline

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