Certified in Risk and Information Systems Control (CRISC) — Question 895

You work as a project manager for BlueWell Inc. Management has asked you to work with the key project stakeholder to analyze the risk events you have identified in the project. They would like you to analyze the project risks with a goal of improving the project's performance as a whole. What approach can you use to achieve this goal of improving the project's performance through risk analysis with your project stakeholders?

Answer options

• A. Involve subject matter experts in the risk analysis activities
• B. Involve the stakeholders for risk identification only in the phases where the project directly affects them
• C. Use qualitative risk analysis to quickly assess the probability and impact of risk events
• D. Focus on the high-priority risks through qualitative risk analysis

Correct answer: D

Explanation

The correct answer is D because focusing on high-priority risks allows for targeted risk management efforts that can significantly improve project performance. While involving subject matter experts (A) and conducting qualitative risk analysis (C) are helpful, they do not prioritize risks effectively. Option B is too limited, as it excludes stakeholders from contributing throughout the project.