PMP Certification Training - Identify Risk

The video tutorial covers the risk identification process in project management, emphasizing its iterative nature. It discusses the necessary inputs, such as project management plans and environmental factors, and outlines tools and techniques like brainstorming and SWOT analysis. The tutorial also explains the outputs, including the risk register and other project documents, highlighting the importance of continuous risk assessment throughout the project lifecycle.

What is the primary goal of the risk identification process?

• To ensure project completion on time

• To assign blame for project failures

• To identify and document potential risks

• To eliminate all project risks

Which of the following is NOT a component of the project management plan used in risk identification?

• Marketing strategy

• Resource management plan

• Scope baseline

• Quality management plan

What is the purpose of using a checklist in risk identification?

• To prioritize project tasks

• To allocate project resources

• To systematically identify potential risks

• To ensure all team members are present

Which strategic framework is used to identify sources of overall project risk?

• GANTT

• PESTLE

• SWOT

• PERT

What does SWOT analysis examine in a project?

• Strategies, Workloads, Objectives, Targets

• Systems, Workflows, Operations, Timelines

• Schedules, Workforces, Outputs, Tasks

• Strengths, Weaknesses, Opportunities, Threats

What is the main output of the risk identification process?

• Project timeline

• Risk register

• Stakeholder analysis

• Budget report

Which technique is used to determine the basic underlying reason for a risk?

• Interviewing

• Brainstorming

• Root cause analysis

• Checklist analysis