Certified in Risk and Information Systems Control (CRISC) — Question 1062

Tom works as a project manager for BlueWell Inc. He is determining which risks can affect the project. Which of the following inputs of the identify risks process is useful in identifying risks, and provides a quantitative assessment of the likely cost to complete the scheduled activities?

Answer options

• A. Activity duration estimates
• B. Risk management plan
• C. Cost management plan
• D. Activity cost estimates

Correct answer: D

Explanation

The correct answer is D, Activity cost estimates, as it provides a numerical forecast of the costs associated with project activities, helping to identify financial risks. Options A and C focus on duration and overall cost management without directly assessing risk. Option B pertains to the overall strategy for managing risks rather than specific cost assessments.