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Exam CRISC topic 1 question 4 discussion

Actual exam question from Isaca's CRISC
Question #: 4
Topic #: 1
[All CRISC Questions]

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.
Show Suggested Answer Hide Answer
Suggested Answer: C 🗳️
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.
by ldl at March 10, 2023, 5:05 p.m.

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SuperMax
1 month, 3 weeks ago
Selected Answer: C
C. The iterative meetings allow the project manager and the risk identification participants to identify newly discovered risk events throughout the project. While it's essential to identify risks during the initial project planning phase, risks can evolve or emerge as the project progresses. Holding iterative risk identification meetings allows the project team and stakeholders to stay vigilant and identify any new risks that may not have been apparent during the initial planning phase. This continuous risk assessment helps in proactive risk management and can lead to more effective risk mitigation strategies throughout the project's lifecycle.
upvoted 1 times
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Chemngoremmercy
1 year, 1 month ago
C. The iterative meetings allow the project manager and the risk identification participants to identify newly discovered risk events throughout the project.
upvoted 1 times
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ldl
1 year, 8 months ago
C. The iterative meetings allow the project manager and the risk identification participants to identify newly discovered risk events throughout the project.
upvoted 1 times
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