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Question 120/127

A project team is overseeing the construction of a new office building. The project is complex, involving multiple contractors, regulatory requirements, and a tight schedule. During a team meeting, the risk manager realizes that a formal risk identification exercise has not yet been conducted.
Given the project ' s complexity, what should the risk manager do?

A. Wait until halfway through the project to identify risks, as most issues will be clear by then.

B. Conduct the exercise with the key team members, excluding external stakeholders.

C. Facilitate a risk identification exercise with key stakeholders, considering all factors.

D. Focus only on identifying the most obvious risks to save time and project resources.

Correct Answer: C

For complex projects, facilitating a risk identification exercise with key stakeholders ensures thoroughness.
PMBOK Guide recommends:
" Formal risk identification with all relevant stakeholders is critical, particularly in complex projects, to ensure all potential risks are recognized. "
- PMBOK Guide, 6th Edition, Section 11.2
References:
PMBOK Guide, 6th Edition, Section 11.2

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