FREE Project Risk Management Risk Identification Techniques Questions and Answers

Question 1

A project manager is leading a risk identification workshop for a first-of-its-kind technology project.
To mitigate the influence of dominant personalities and prevent groupthink, the manager wants to gather unbiased input from a geographically dispersed panel of experts.
Which technique would be most effective in this situation?

Accepted Answer

Delphi Technique

Answer

Brainstorming

Answer

SWOT Analysis

Answer

Checklist Analysis

Question 2

During a risk identification meeting, a project team is using a predefined list of risk categories, such as technical, external, organizational, and environmental, to ensure they consider a wide range of potential risks. This list helps trigger discussions and prevents them from overlooking common sources of project risk. What tool or technique is the team using?

Accepted Answer

Prompt List

Answer

Root Cause Analysis

Answer

Work Breakdown Structure

Answer

Assumption Analysis

Question 3

A project building a new manufacturing plant is experiencing repeated equipment malfunctions. The project manager wants to identify the underlying causes of these failures, not just the symptoms. Which of the following techniques would be most appropriate for this purpose?

Accepted Answer

Root Cause Analysis

Answer

SWOT Analysis

Answer

Interviews

Answer

Delphi Technique

Question 4

A project team is conducting a comprehensive risk identification session. They decide to analyze the project from four perspectives: what internal factors give them an advantage, what internal factors are disadvantageous, what external elements could help the project, and what external elements could harm it. This approach helps them identify risks from both internal and external sources. Which technique are they employing?

Accepted Answer

SWOT Analysis

Answer

Assumption and Constraint Analysis

Answer

Checklist Analysis

Answer

Root Cause Analysis

Question 5

A project manager is reviewing the project charter and notes several key factors that are considered to be true for planning purposes, such as the timely availability of key subject matter experts and the approval of a specific technology. The manager recognizes that if these factors prove to be false, the project could be negatively impacted. What risk identification technique is best suited for exploring the risks associated with these factors?

Accepted Answer

Assumption and Constraint Analysis

Answer

Document Analysis

Answer

Brainstorming

Answer

Prompt Lists

Question 6

Which of the following data gathering techniques for risk identification is characterized by its free-form, collaborative nature where the primary goal is to generate a large quantity of ideas without immediate critique or evaluation?

Accepted Answer

Brainstorming

Answer

Interviews

Answer

Delphi Technique

Answer

Checklist Analysis