CAP · Question #49
You work as a project manager for BlueWell Inc. You are working with Nancy, the COO of your company, on several risks within the project. Nancy understands that through qualitative analysis you have…
The correct answer is B. Risks with low probability and low impact are recorded in a watchlist for future monitoring. Per the PMBOK Guide, risks that are assessed as having both low probability and low impact during qualitative risk analysis are placed on a watch list. The watch list is maintained within or alongside the risk register and is monitored periodically to detect any changes in…
Question
You work as a project manager for BlueWell Inc. You are working with Nancy, the COO of your company, on several risks within the project. Nancy understands that through qualitative analysis you have identified 80 risks that have a low probability and low impact as the project is currently planned. Nancy's concern, however, is that the impact and probability of these risk events may change as conditions within the project may change. She would like to know where will you document and record these 80 risks that have low probability and low impact for future reference. What should you tell Nancy?
Options
- ARisk identification is an iterative process so any changes to the low probability and low impact
- BRisks with low probability and low impact are recorded in a watchlist for future monitoring.
- CAll risks, regardless of their assessed impact and probability, are recorded in the risk log.
- DAll risks are recorded in the risk management plan
How the community answered
(28 responses)- A4% (1)
- B96% (27)
Explanation
Per the PMBOK Guide, risks that are assessed as having both low probability and low impact during qualitative risk analysis are placed on a watch list. The watch list is maintained within or alongside the risk register and is monitored periodically to detect any changes in probability or impact as the project evolves - which is precisely the concern Nancy raised. These risks do not warrant immediate response planning but should not be forgotten. They are revisited in subsequent risk review cycles.
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