Certified in Risk and Information Systems Control (CRISC) — Question 1141

Which of the following is the MOST important risk management activity during project initiation?

Answer options

• A. Classify project data
• B. Identifying key risk stakeholders
• C. Establishing a risk mitigation plan
• D. Defining key risk indicators (KRIs)

Correct answer: B

Explanation

Identifying key risk stakeholders is essential at the initiation phase as it helps to ensure that all relevant parties are aware of potential risks and can contribute to the risk management process. The other options, while important, are more effective once the key stakeholders are identified and involved in the project.