What is the best reason for the duplicate risk identification sessions?

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 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.

View Answer

Answer: C

Explanation:

Risk identification is an iterative process because new risks may evolve or become known as the project progresses through its life cycle.

Incorrect Answers:

A: Stakeholders are encouraged to participate in the risk identification process, but this is not the best choice.

B: Risk identification focuses on discovering new risk events, not the events which did not happen.

D: The primary reason for iterations of risk identification is to identify new risk events.