An organization performs an annual strategies and initiatives workshop during which a strengths, weaknesses, opportunities, and threats (SWOT)…

The risk manager should update the risk register with both the opportunities and threats identified

during the SWOT analysis. This will help in tracking and managing all potential risks throughout the

project lifecycle.

Update the risk register with the identified risks Comprehensive and Detailed  According to the PMI

Risk Management Professional (PMI-RMP)® Examination Content Outline1, one of the tasks in the

domain of Risk Identification is to update the risk register with identified risks, causes, categories,

and potential responses1. A risk register is a document used to track and report on project risks and

opportunities throughout the project’s life cycle2. In this scenario, the risk manager should update

the risk register with the identified risks, both opportunities and threats, that result from the SWOT

analysis. The risk manager should also include the causes, categories, and potential responses for

each risk, as well as other relevant information such as probability, impact, priority, owner, etc. The

risk manager should not add only the threats to the risk register, because opportunities are also a

type of risk that can have a positive effect on the project objectives and should be recorded and

managed accordingly3. The risk manager should not utilize different tools to identify the risks,

because the SWOT analysis is a valid and useful tool for risk identification and there is no indication

that it was insufficient or inappropriate for the project context4. The risk manager should not plan

risk responses to the threats, because that is a separate process that comes after risk identification

and requires further analysis and evaluation of the risks5. Reference: 1: PMI Risk Management

Professional (PMI-RMP)® Examination Content Outline, page 82: Risk Register in Project

Management - Project Management Academy63: A Guide to the Project Management Body of

Knowledge (PMBOK® Guide) – Sixth Edition, page 3974: How to Perform a SWOT Analysis - Project

Risk Coach25: A Guide to the Project Management Body of Knowledge (PMBOK® Guide) – Sixth

Edition, page 440.