You and your project team are just starting the risk identification activities for a project that is scheduled to last for 18 months. Your project team has already identified a long list of risks that need to be analyzed. How often you and the project team should do risk identification?

A.
Identify risks is an iterative process.

B.
At least once per month

C.
It depends on how many risks are initially identified.

D.
Several times until the project moves into execution

Explanation:

Risk identification is considered an iterative activity and is performed several times throughout the project. It is the part of the identify risks process.

Answer option D is incorrect. Risk identification happens throughout the project.

Answer option B is incorrect. Risk identification can happen more than monthly as the project team should always be on the lookout for new risks.

Answer option C is incorrect. The number of initially defined risks does not affect the iterative nature of the identify risksprocess.

Reference: Chapter 11. A Guide to the Project Management Body of Knowledge, (PMBOK Guide), Fourth Edition, ISBN:9781933890517 Section 11.2.