What is a key step in risk management during a big project?

• A. Identify risks, probability, impact, mitigation, and contingency planning
• B. Minimize communication
• C. Overcommit resources without plan
• D. Avoid contingency planning

Answer: (A)

Risk management in a big project means spotting potential problems early and planning how to handle them. The best approach is to identify risks, estimate how likely they are to happen and how much impact they would have, and then lay out actions to reduce those risks and contingency plans for when they occur. This proactive setup helps keep scope, schedule, and budget on track even when surprises pop up.

Why the other options don’t fit: reducing communication makes it harder to notice and respond to risks, so that choice undermines risk management. Committing more resources without a plan just creates more pressure and vulnerability rather than reducing risk. avoiding contingency planning leaves you exposed if something goes wrong, with no prepared response.