Explanation/Reference:
Explanation:
Risk management is an ongoing project activity. It should be an agenda item at every project status meeting.
Incorrect Answers:
A: Risk management happens throughout the project as does project planning.
B: Milestones are good times to do reviews, but risk management should happen frequently.
C: This answer would only be correct if the project has a status meeting just once per month in the project.

Explanation/Reference:
Explanation:
According to the PMBOK, a project risk is always in the future. If the risk event has already happened, then it is an issue, not a risk.
Incorrect Answers:
A: You can identify risks before they occur and not after their occurrence.
B: Risks can only happen in the future.
D: Triggers are warning signs and conditions of risk events, but this answer isn't the best choice for this question.

is incorrect. The temperature 430 degree in scenario is the risk trigger. A risk trigger is a warning sign or condition that a risk event is about to happen. As in this scenario the 430 degree temperature is the indication of upcoming risks, hence 430 degree temperature is a risk trigger. Answer:D is incorrect. Risk response is the action taken to reduce the risk event occurrence. Hence here risk response is shutting off of machine. Answer:B is incorrect. The first thing we must do in risk management is to identify the areas of the project where the risks can occur. This is termed as risk identification. Listing all the possible risks is proved to be very productive for the enterprise as we can cure them before it can occur. In risk identification both threats and opportunities are considered, as both carry some level of risk with them.

Section: Volume D