What is the first step in developing a risk management plan?
A) Analyze the risks
B) Estimate the likelihood of the risks occurring
C) Identify potential project risks
D) Develop a risk mitigation plan
E) Estimate the potential impact of risk on the project goals

Question

Quizplus · Accepted Answer

The first step in developing a risk management plan is to identify potential project risks. This involves brainstorming with team members, stakeholders, and subject matter experts to identify potential risks that could impact the success of the project. Once risks are identified, the project team can move on to analyzing and prioritizing them and developing strategies to mitigate them.

What Is the First Step in Developing a Risk Management