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Risk identification is the process of identifying and assessing factors that may jeopardize the success of a project or the achievement of a goal. It involves determining the sources, causes, and potential impacts of risks, as well as documenting them in a risk register. Risk identification is an iterative and ongoing process that should be performed throughout the project life cycle. It helps to identify the uncertainties and assumptions that may affect the project objectives and deliverables. Risk identification is the first step of risk management, which also includes risk analysis, risk response, and risk monitoring and control. References: IIBA BABOK Guide v3, section 11.2.1, page 386; CBAP / CCBA Certified Business Analysis Study Guide, chapter 5, page 230; CBAP Sample Questions, question 229.
The key phrase is "identifying and assessing." The best answer is Risk Analysis because risk analysis includes evaluating identified risks by considering their likelihood and impact.
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christinegakii
2026-06-26 00:00:37The best answer is Risk Analysis because risk analysis includes evaluating identified risks by considering their likelihood and impact.
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