CRISC Certified in Risk and Information Systems Control – Question308

You are the project manager for the NHH project. You are working with your project team to examine the project from four different defined perspectives to increase the breadth of identified risks by including internally generated risks. What risk identification approach are you using in this example?

A. Root cause analysis
B. Influence diagramming techniques
C. SWOT analysis
D. Assumptions analysis

Correct Answer: C

Explanation:

Explanation: This is an example of SWOT analysis. SWOT analysis examines the strengths, weaknesses, opportunities, and threats within the project and generated from within the organization. SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. It is a part of business policy that helps an individual or a company to make decisions. It includes the strategies to build the strength of a company and use the opportunities to make the company successful. It also includes the strategies to overcome the weaknesses of and threats to the company.
Incorrect Answers:
A: Root cause analysis examines causal factors for events within the project.
B: Influence diagramming techniques examines the relationships between things and events within the project.
D: Assumptions analysis does not use four pre-defined perspectives for review.