During which of the following processes, probability and impact matrix is prepared?

The correct answer is C. Perform Qualitative Risk Analysis. The Probability and Impact Matrix is a key tool and technique used in the Perform Qualitative Risk Analysis process (PMBOK). It maps the likelihood of a risk occurring against its potential impact on project objectives, producing a risk rating (e.g., High, Medium, Low) for each…

Security and Privacy Governance, Risk Management, and Compliance Program

Question

Options

APlan Risk Responses
BPerform Quantitative Risk Analysis
CPerform Qualitative Risk Analysis
DMonitoring and Control Risks

How the community answered

(49 responses)

B
2% (1)
C
94% (46)
D
4% (2)

Explanation

The Probability and Impact Matrix is a key tool and technique used in the Perform Qualitative Risk Analysis process (PMBOK). It maps the likelihood of a risk occurring against its potential impact on project objectives, producing a risk rating (e.g., High, Medium, Low) for each identified risk. This matrix helps prioritize risks for further analysis or response planning. It is not produced during Plan Risk Responses (which uses the matrix as an input), not during Quantitative Risk Analysis (which uses numerical methods), and not during Monitoring and Controlling Risks (which tracks previously identified risks).

Topics

#Risk Management#Qualitative Risk Analysis#Probability and Impact Matrix#Risk Assessment

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