PMI Risk Management Professional Practice Exam

When does the Identify Risks process occur during a project?

1. At the Planning stage

2. Throughout the project life-cycle

3. At the Executing stage

4. At the Closing stage

The correct answer is: Throughout the project life-cycle

The Identify Risks process is an ongoing activity that occurs throughout the entire project life-cycle. This approach is essential because risks can emerge at any stage of a project, and new risks can develop as the project evolves or as external conditions change. Continuous monitoring and assessment of risks help ensure that the project team stays prepared and can respond effectively to potential challenges, minimizing their impact on project objectives. In contrast, focusing solely on a specific stage, such as Planning, Executing, or Closing, would limit the project's ability to adapt to new threats or uncertainties that might arise later. Effective risk management requires vigilance and the ability to identify risks at every phase of the project, enabling proactive rather than reactive management strategies.