The project manager should have performed risk identification exercises for the full lifecycle of the

project, including the construction phase, to ensure that all potential risks were identified and

addressed in the risk register.

Risk identification is the process of determining the risks that may affect the project and

documenting their characteristics. Risk identification should be performed throughout the project

lifecycle, as new risks may emerge or change over time. Risk identification should also consider all

aspects of the project, such as scope, schedule, cost, quality, resources, stakeholders, and

procurement. By performing risk identification exercises for the full lifecycle of the project, the

project manager could have identified and planned for the potential risks associated with the

construction phase, such as delays, material shortages, quality issues, or safety hazards. This would

have helped to prevent or mitigate the impact of the risk event that occurred, and to ensure that the

risk register is updated and comprehensive. Performing a Monte Carlo sensitivity analysis, adding

generic construction risks, or reviewing the assumptions/exclusions register are not sufficient or

effective ways of identifying the specific risks that may affect the project during the construction

phase. These are either tools for risk analysis, risk response planning, or project initiation, but not

risk identification. Reference: PMI-RMP® Certification Handbook1, page 9; PMBOK® Guide, pages

397-398.