CAP · Question #15
Neil works as a project manager for SoftTech Inc. He is working with Tom, the COO of his company, on several risks within the project. Tom understands that through qualitative analysis Neil has…
The correct answer is D. Risks may be listed by priority separately for schedule, cost, and performance. In qualitative risk analysis, risks are commonly prioritized as high, moderate, or low. However, the PMBOK Guide also recognizes that risks can be prioritized separately by their impact on specific project objectives - namely schedule, cost, and performance (or scope/quality)…
Question
Neil works as a project manager for SoftTech Inc. He is working with Tom, the COO of his company, on several risks within the project. Tom understands that through qualitative analysis Neil has identified many risks in the project. Tom's concern, however, is that the priority list of these risk events are sorted in "high-risk," "moderate-risk," and "low-risk" as conditions apply within the project. Tom wants to know that is there any other objective on which Neil can make the priority list for project risks. What will be Neil's reply to Tom?
Options
- ARisk may be listed by the responses inthe near-term
- BRisks may be listed by categories
- CRisks may be listed by the additional analysis and response
- DRisks may be listed by priority separately for schedule, cost, and performance
How the community answered
(36 responses)- A3% (1)
- B8% (3)
- C17% (6)
- D72% (26)
Explanation
In qualitative risk analysis, risks are commonly prioritized as high, moderate, or low. However, the PMBOK Guide also recognizes that risks can be prioritized separately by their impact on specific project objectives - namely schedule, cost, and performance (or scope/quality). This gives stakeholders a more granular view of which risks threaten which constraints. Choice A (near-term responses) and C (additional analysis) are not standard alternative prioritization criteria. Choice B (categories) is a grouping method, not a prioritization objective tied to project performance dimensions.
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