Requirements Risk Management

Correct Answer: Conducting impact analysis workshops with key stakeholders

Conducting impact analysis workshops with key stakeholders is the most effective technique for identifying and prioritizing risks associated with ambiguous requirements because: 1. It brings together diverse perspectives and expertise 2. Enables real-time discussion and clarification of ambiguous points 3. Allows for collaborative risk assessment and prioritization 4. Facilitates immediate stakeholder consensus 5. Provides a structured environment for requirement clarification The other options are less effective because: Documentation reviews and risk matrices are time-consuming and may not capture the nuanced interpretations of requirements that come from interactive discussions. Automated validation tools are limited in their ability to understand context and business implications of ambiguous requirements, as they rely on predefined rules. A continuous feedback loop system with daily updates is too frequent and operational in nature, not specifically focused on addressing requirement ambiguity and risk assessment.

Correct Answer: Create a risk register and develop mitigation strategies based on probability and impact analysis

Creating a risk register with mitigation strategies based on probability and impact analysis is the BEST approach because: - It provides a structured way to identify, assess, and manage potential risks early in the project - It enables proactive planning by evaluating both the likelihood and impact of risks - It helps prioritize risks and allocate resources effectively - It creates a documented approach for dealing with identified risks Why other options are less effective: Creating extensive technical documentation is reactive and may waste resources on unlikely scenarios, while not addressing actual risk management. Establishing a change management process focuses on requirement changes but does not address the core need of managing identified risks and their potential impacts. Focusing on quality assurance and testing is a reactive approach that addresses issues after they occur, rather than proactively managing risks during requirements gathering.

Correct Answer: Organize a stakeholder analysis workshop to reach consensus on requirements

A stakeholder analysis workshop is the most effective approach because: - It promotes collaboration and open dialogue between stakeholders - It helps identify the root causes of conflicts - It allows for real-time discussion and negotiation - It leads to shared understanding and consensus - It strengthens stakeholder relationships - It aligns with PMI's emphasis on stakeholder engagement and collaboration The other options are problematic because: Proceeding based on highest priority stakeholder risks alienating other stakeholders and may miss valuable insights. Escalating to senior management should not be the first response as it bypasses the opportunity for stakeholders to resolve conflicts themselves. Creating separate requirement versions would lead to project fragmentation and increased complexity, potentially causing more problems later in the project lifecycle.