Final answer:
True, risk identification is about determining what risks might have an impact on the project. It involves assessing various potential impacts including biological, environmental, social, economic, and public health factors to inform project planning and decision-making.
Step-by-step explanation:
Content loaded, risk identification is indeed concerned with determining what risks might have an impact on the project, making option A) True. The process of risk identification does not only consider biological species, but it also examines environmental damage, social and economic impacts, public health issues, and evaluates the feasibility of control or eradication measures. Essentially, risk is defined by the probability of an occurrence and the magnitude of its consequences. In the context of project management, assessing risk is a fundamental aspect that influences decision-making and planning. For instance, the decision between Plan A—operating under the assumption that a risk will not materialize—and Plan B—taking preemptive actions to mitigate potential risks—depends on risk assessment. While Plan A might be the natural response when a threat is deemed unlikely, Plan B offers a conservative approach that, while not ideal if unnecessary, provides security against potential catastrophic outcomes if the threat is real.