PMP Exam Simulator

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info iconPMP exam lasts 4h and has 200 questions
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lock iconProject Management Responsibility

Risk identification is where the project manager with the team will identify the risks that could affect the project. The project manager has to really analyze each of the process groups to see how risk can affect them. As risk changes and new risks arise every day, the project manager should never stop identifying risks on the project. Today in the morning the project manager of a major construction project realized that he did not use all of the tools and techniques of risk identification. He disregarded a potential risk and this risk showed up during the project planning phase. How should the project manager react to this issue?