PK0-003 · Question #151
Which of the following plans would MOST likely contain a probability and impact matrix?
The correct answer is C. Risk. A probability and impact matrix is a key tool used in risk management to assess and prioritize identified risks based on their likelihood of occurrence and potential effect on project objectives.
Question
Which of the following plans would MOST likely contain a probability and impact matrix?
Options
- ACommunication
- BResource
- CRisk
- DProject
How the community answered
(44 responses)- A2% (1)
- B5% (2)
- C91% (40)
- D2% (1)
Why each option
A probability and impact matrix is a key tool used in risk management to assess and prioritize identified risks based on their likelihood of occurrence and potential effect on project objectives.
The Communication Management Plan focuses on how project information will be exchanged, not on assessing the likelihood and impact of uncertainties.
The Resource Management Plan addresses how project resources (human, equipment, material) will be acquired, managed, and released, not the assessment of risk probability and impact.
The Risk Management Plan outlines how risks will be identified, analyzed, and responded to, and it typically defines the tools and techniques for risk assessment, including the use of a probability and impact matrix to quantify and prioritize risks.
The Project Management Plan is the overarching plan integrating all subsidiary plans, but the specific tool of a probability and impact matrix belongs within the dedicated Risk Management Plan.
Concept tested: Risk Management Plan tools
Topics
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