How does the Discover phase assist in managing project risks?

The Discover phase plays a crucial role in managing project risks by helping to identify potential risks early in the project lifecycle. During this phase, project stakeholders gather information about the project's requirements, objectives, and potential obstacles. By conducting assessments and engaging with various stakeholders, teams can uncover risks related to resources, timelines, technology, and other factors that could impact the project's success. Early identification of these risks allows the project team to develop mitigation strategies and make informed decisions moving forward, thereby minimizing their impact on the project.

In contrast, while eliminating all possible project risks may sound ideal, it is unrealistic since some degree of risk is inherent in any project. A fixed timeline for completion does not inherently reduce risks but instead focuses on the schedule aspect. Immediate stakeholder engagement is important for project success, but it is the identification of risks that directly influences how those risks can be managed throughout the project. Thus, early identification is fundamental in establishing a proactive risk management approach.