Explanation/Reference:
Explanation:
The best answer to include the project team members is that they'll need to develop a sense of ownership for the risks and associated risk responsibilities.
Incorrect Answers:
B: The reason to include the project team is that the project team needs to develop a sense of ownership for the risks and associated risk responsibilities, not to assign risk ownership and risk responses at this point.
C: While the project manager shouldn't be the only person to identify the risk events, this isn't the best answer.
D: The reason to include the project team is that the project team needs to develop a sense of ownership for the risks and associated risk responsibilities, not to assign risk ownership.

Explanation/Reference:
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.

Explanation/Reference:
Explanation:
Creating a scenario requires determination of the value of an asset or a business process at risk and the potential threats and vulnerabilities that could cause loss. The risk scenario should be assessed for relevance and realism, and then entered into the risk register if found to be relevant.
In practice following steps are involved in risk scenario development:
First determine manageable set of scenarios, which include:

- Frequently occurring scenarios in the industry or product area.
- Scenarios representing threat sources that are increasing in count or severity level.
- Scenarios involving legal and regulatory requirements applicable to the business.
After determining manageable risk scenarios, perform a validation against the business objectives of

the entity.
Based on this validation, refine the selected scenarios and then detail them to a level in line with the

criticality of the entity.
Lower down the number of scenarios to a manageable set. Manageable does not signify a fixed

number, but should be in line with the overall importance and criticality of the unit.
Risk factors kept in a register so that they can be reevaluated in the next iteration and included for

detailed analysis if they have become relevant at that time.
Risk factors kept in a register so that they can be reevaluated in the next iteration and included for

detailed analysis if they have become relevant at that time.
Include an unspecified event in the scenarios, that is, address an incident not covered by other

scenarios.
Incorrect Answers:
A: Cause-and-effect analysis is a predictive or diagnostic analytical tool used to explore the root causes or factors that contribute to positive or negative effects or outcomes. It is used during the process of exposing risk factors.