@bs_pani , you will become PMBOK lawyer very soon
Yes we may have risks mentioned in project charter and they can be many, but as far as conscious effort of Project manager on risk, it only gets applied when we do identify risk process. Which is a planning process.
But if exam asks Where is the most of the risks are identified (Initiating or Planning)? What is the right answer?
I go with planning , and it is clear from PMBOK also since identify risk is planning process.
Where is the most important risks are identified (Initiating or Planning)? What is the right answer?
Difficult to tell or judge that risks identified while creating project charter and important or after that. As far as exam and general practice is concern we can fairly assume that we get important risks identified in "identify Risk" process, so the answer should be planning in my view.