Which of the following primary factors are used to prioritize the development of risk response strategies? (Choose two.)

The correct answer is A. Likelihood C. Impact. Risk prioritization is driven by two primary factors: Likelihood (A) - the probability that a risk will occur - and Impact (C) - the severity of the effect on project objectives if the risk does occur. Together these factors form the basis of a risk probability and impact…

Project management concepts

Question

Options

ALikelihood
BTimeline
CImpact
DQuality
ECost

How the community answered

(58 responses)

A
93% (54)
B
2% (1)
D
3% (2)
E
2% (1)

Explanation

Risk prioritization is driven by two primary factors: Likelihood (A) - the probability that a risk will occur - and Impact (C) - the severity of the effect on project objectives if the risk does occur. Together these factors form the basis of a risk probability and impact matrix (risk scoring = probability × impact). Timeline (B), Quality (D), and Cost (E) are project constraints that risks may affect, but they are not the factors used to prioritize which risks need response strategies. Risks with high likelihood and high impact receive the highest priority and require the most robust response planning.

Topics

#risk prioritization#likelihood#impact#risk response

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