CRISC: Certified in Risk and Information Systems ControlDemo

By Isaca · Question Mode

QuestionQ1625

Risk Assessment

You are managing a large construction project that will run for 18 months and cost $750,000 to complete. Before project work starts, you are working with the project team, experts, and stakeholders to identify project risks. Management asks why you have scheduled so many risk-identification meetings throughout the project instead of conducting them only during initial project planning.

What is the best reason for the repeated risk-identification sessions?

  • A The iterative meetings allow all stakeholders to participate in the risk identification processes throughout the project phases.
  • 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 and the risk identification participants to identify newly discovered risk events throughout the project.
  • D The iterative meetings allow the project manager to communicate pending risks events during project execution.
Explanation

Project risk identification is an iterative activity because new risks can emerge or become known as the project progresses. Recurring identification sessions enable the project manager and participants to capture these newly discovered risk events throughout the project life cycle.

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