Section: Volume B
Explanation:
The enterprise must consider risk that has not yet occurred and should develop scenarios around unlikely, obscure or non-historical events.
Such scenarios can be developed by considering two things:
* Visibility
* Recognition
* For the fulfillment of this task enterprise must:
* Be in a position that it can observe anything going wrong
* Have the capability to recognize an observed event as something wrong Incorrect Answers:
A, C: These are not the direct requirements for developing obscure risk scenarios, like curing risk events comes under process of risk management. Hence capability of curing risk event does not lay any impact on the process of development of risk scenarios.

Section: Volume D
Explanation:
All identified risks, their characteristics, responses, and their status should be added and monitored as part of the risk register. A risk register is an inventory of risks and exposure associated with those risks. Risks are commonly found in project management practices, and provide information to identify, analyze, and manage risks. Typically a risk register contains:
* A description of the risk
* The impact should this event actually occur
* The probability of its occurrence
* Risk Score (the multiplication of Probability and Impact)
* A summary of the planned response should the event occur
* A summary of the mitigation (the actions taken in advance to reduce the probability and/or impact of the event)
* Ranking of risks by Risk Score so as to highlight the highest priority risks to all involved.
Incorrect Answers:
A: Control management charts are not the place where risk events are recorded.
B: This is a risk event and should be recorded in the risk register.
D: Risks that have a low probability and a low impact may go on the low-level risk watch-list.

Section: Volume D
Explanation:
Identify Risks is the process of determining which risks may affect the project. It also documents risks' characteristics. The Identify Risks process is part of the Project Risk Management knowledge area. As new risks may evolve or become known as the project progresses through its life cycle, Identify Risks is an iterative process. The process should involve the project team so that they can develop and maintain a sense of ownership and responsibility for the risks and associated risk response actions. Risk Register is the only output of this process.
Incorrect Answers:
A, B, C: Identify Risks process takes place at all the stages of a project, because risk changes over time.