TOPIC: Free CAPM® Exam Sample Question

Which of the following statements is not true about risk identification?

A. The WBS plays an important role in identifying risks.
B. The data about risks is assessed during identifying risks to ensure it is qualified for further use.
C. The risk breakdown structure is helpful in identifying risks.
D. The project team is involved in identifying risks.

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HINT: Remember that performing risk data quality assessment is part of the Perform Qualitative Risk Analysis process.

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Answer and Explanation:
The correct answer is B

The Identify Risks process is where risks that may affect the project are documented along with their characteristics. Risks are identified by reviewing the work breakdown structure (WBS), risk breakdown structure, and their components. All project team members should be involved in this process to incorporate different views about the project risks and to create the sense of responsibility for addressing project risks. The quality of risk data is reviewed and assessed during the Perform Qualitative Risk Analysis and Perform Quantitative Risk Analysis processes.

Details for each option:

A. The WBS plays an important role in identifying risks.
Incorrect. It is true that the WBS helps to identify risks in different levels, including both macro and micro levels.

B. The data about risks is assessed during identifying risks to ensure it is qualified for further use.
Correct. It is not true that the risk data is assessed during identification. The risk is assessed in the Perform Qualitative Risk Analysis and Perform Quantitative Risk Analysis process, not in the Identify Risks process.

C. The risk breakdown structure is helpful in identifying risks.
Incorrect. It is true that the risk breakdown structure is used as a checklist to identify potential risks by sources.

D. The project team is involved in identifying risks.
Incorrect. It is true that all of the project team is engaged in identifying risks, so that they can have the sense of ownership for the risks.

Reference: Guide to the Project Management Body of Knowledge, (PMBOK^® Guide) – Sixth Edition, Project Management Institute Inc., 2017, Page(s) 409-411