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A project team has failed to complete an important project milestone on time. The team was counting on an external provider to deliver key equipment on a specific date but the provider was delayed. What should the risk manager have done to prevent missing the milestone?
Correct Answer: B
Identifying and analyzing assumptions is crucial in risk management because assumptions often hide potential risks. PMBOK Guide states: "During risk identification, it is important to identify and document assumptions and assess their validity... Assumptions may prove to be incorrect, resulting in project risk." - PMBOK Guide, 6th Edition, Section 11.2 This proactive analysis helps uncover hidden risks and plan for contingencies. References: PMBOK Guide, 6th Edition, Section 11.2