True or False: The risk identification process should only involve the core project team.

The risk identification process is most effective when it includes a diverse group of participants rather than just the core project team. This is because identifying potential risks often requires various perspectives and expertise. Involving stakeholders outside the core project team, such as subject matter experts, customers, and even external consultants, can enhance the identification process by bringing in different viewpoints and insights.

Collaboration with a wider audience ensures that all possible risks are considered, including those that the project team may not be readily aware of or may overlook. Furthermore, engaging different stakeholders can foster greater buy-in for risk management strategies as everyone feels their input is valued. Overall, a broad and inclusive approach to risk identification strengthens a project’s ability to anticipate and mitigate potential challenges, making the answer to the question false.