CAP · Question #308
You are the project manager for your organization. You are working with your key stakeholders in the qualitative risk analysis process. You understand that there is certain bias towards the risk…
The correct answer is A. Establish the definitions of the levels of probability and impact. According to PMBOK, a key technique to reduce bias in qualitative risk analysis is to establish clear, agreed-upon definitions of the levels of probability and impact before analysis begins. When all stakeholders share the same reference definitions (e.g., 'High probability =…
Question
You are the project manager for your organization. You are working with your key stakeholders in the qualitative risk analysis process. You understand that there is certain bias towards the risk events in the project that you need to address, manage, and ideally reduce. What solution does the PMBOK recommend to reduce the influence of bias during qualitative risk analysis?
Options
- AEstablish the definitions of the levels of probability and impact
- BIsolate the stakeholders by project phases to determine their risk bias
- CInvolve all stakeholders to vote on the probability and impact of the risk events
- DProvideiterations of risk analysis for true reflection of a risk probability and impact
How the community answered
(28 responses)- A93% (26)
- C4% (1)
- D4% (1)
Explanation
According to PMBOK, a key technique to reduce bias in qualitative risk analysis is to establish clear, agreed-upon definitions of the levels of probability and impact before analysis begins. When all stakeholders share the same reference definitions (e.g., 'High probability = >70% chance'), personal bias is reduced because judgments are anchored to objective criteria rather than subjective interpretations. Isolating stakeholders (B) is not a recommended PMBOK practice. Having all stakeholders vote (C) can amplify groupthink bias. Multiple iterations (D) can help but is not the primary PMBOK recommendation specifically targeting bias reduction.
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