Sammy is the project manager for her organization. She would like to rate each risk based on its probability and affect on time, cost, and scope. Harry, a project team member, has never done this…

Question

Options

• ASammy is correct, because organizations can create risk scores for each objective of the
• BHarry is correct, because the risk probability and impact considers all objectives of the project.
• CHarry is correct, the risk probability and impact matrix is the only approach to risk
• DSammy is correct, because she is the project manager.

• A
  83% (19)
• B
  4% (1)
• C
  9% (2)
• D
  4% (1)

Explanation

Sammy is correct. According to PMBOK's Perform Qualitative Risk Analysis process, organizations can and do create separate probability and impact scores for each project objective - time, cost, scope, and quality. A single risk event may have different probabilities and impacts on different objectives; for example, a risk might severely affect cost but only mildly affect schedule. Rating risks against each objective individually provides more granular and actionable information than one accumulative score. Harry's assertion that only an accumulative score is valid is incorrect per standard risk management practice.

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