Exam PRINCE2-Foundation topic 1 question 524 discussion

Answer A is correct. Why the other options are not correct: B. Identify: identify threats and opportunities: This step focuses on the actual identification of risks, not on documenting the overall approach. C. Assess: prioritize risks: This step involves assessing the probability and impact of risks. D. Assess: combine risk profile: This step involves creating an overall risk profile for the project. Key takeaway: The "Identify: define context and objectives" step of the PRINCE2 risk management technique is where the project manager documents how risk management will be undertaken during the project. This sets the foundation for effective risk management throughout the project lifecycle.