During which phase are project risks typically identified?

Project risks are typically identified during the initiating phase of a project. This phase is crucial as it sets the foundation for the project by defining its objectives and scope. Identifying risks at this stage allows project managers and stakeholders to understand potential obstacles and uncertainties that could affect the project's success.

By recognizing risks early on, teams can develop strategies to mitigate or manage those risks throughout the project lifecycle. This proactive approach is essential for ensuring that risks do not derail the progress or outcomes of the project. The initiating phase involves gathering high-level information and stakeholder input, which aids in forming a comprehensive view of potential risks right from the start.

The other phases, such as planning, executing, and monitoring, also involve risk management activities. However, the primary focus for risk identification specifically occurs during the initiating phase, allowing for a structured and informed path forward as the project develops.