What should the risk management professional do next?

A risk management professional is currently facilitating the risk planning process with the project team. To increase the breadth of considered risks, the team wants to include high-level and strategic project risks.

What should the risk management professional do next?
A . Perform a sensitivity analysis to the higher-level aggregate activities
B . Develop a risk breakdown structure (RBS) identifying the potential risk categories
C . Conduct a strengths, weaknesses, opportunities, and threats (SWOT) analysis
D . Perform a base line Monte Carlo simulation to address overall threats to project objectives

View Answer

Answer: C

Explanation:

A SWOT analysis is a risk identification technique that helps to identify high-level and strategic project risks by examining the internal and external factors that may affect the project objectives. A SWOT analysis involves listing the strengths, weaknesses, opportunities, and threats of the project, and then analyzing how they may impact the project positively or negatively. A SWOT analysis can help to uncover potential risks that may not be obvious from other techniques, such as prompt lists, interviews, or brainstorming12

Reference: 1: PMI Risk Management Professional (PMI-RMP) ® Handbook, page 10 2: A Guide to the Project Management Body of Knowledge (PMBOK® Guide) C Seventh Edition, page 1 1. 2.2.1