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?

A.
Activity duration estimates

B.
Risk management plan

C.
Cost management plan

D.
Activity cost estimates

Explanation:

The activity cost estimates review is valuable in identifying risks as it provides a quantitative
assessment of the expected cost to complete the scheduled activities and is expressed as a
range, with a width of the range indicating the degrees of risk.
Answer B is incorrect. This is the output of plan risk management process. A Risk management

plan is a document arranged by a project manager to estimate the effectiveness, predict risks, and
build response plans to mitigate them. It also consists of the risk assessment matrix.
Answer A is incorrect. The activity duration estimates review is valuable in identifying risks
associated to the time allowances for the activities or projects as a whole, with a width of the range
indicating the degrees of risk.
Answer C is incorrect. The cost management plan sets how the costs on a project are managed
during the project’s lifecycle. It defines the format and principles by which the project costs are
measured, reported, and controlled. The cost management plan identifies the person responsible
for managing costs, those who have the authority to approve changes to the project or its budget,
and how cost performance is quantitatively calculated and reported upon.