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PMI-RMP · Question #125

You are the project manager of the GHG project. You are preparing for the quantitative risk analysis process. You are using organizational process assets to help you complete the quantitative risk ana

The correct answer is C. You will use organizational process assets to determine costs of all risks events within the current project.. Organizational process assets provide historical and external reference data for quantitative risk analysis, but they are not the source used to determine the costs of risk events within the current project.

Perform Targeted Risk Analysis

Question

You are the project manager of the GHG project. You are preparing for the quantitative risk analysis process. You are using organizational process assets to help you complete the quantitative risk analysis process. Which one of the following is NOT a valid reason to utilize organizational process assets as a part of the quantitative risk analysis process?

Options

  • AYou will use organizational process assets for risk databases that may be available from industry sources.
  • BYou will use organizational process assets for studies of similar projects by risk specialists.
  • CYou will use organizational process assets to determine costs of all risks events within the current project.
  • DYou will use organizational process assets for information from prior similar projects.

How the community answered

(36 responses)
  • B
    3% (1)
  • C
    92% (33)
  • D
    6% (2)

Why each option

Organizational process assets provide historical and external reference data for quantitative risk analysis, but they are not the source used to determine the costs of risk events within the current project.

AYou will use organizational process assets for risk databases that may be available from industry sources.

Risk databases available from industry sources are a recognized category of organizational process assets that provide valid benchmarking and comparative data for quantitative risk analysis.

BYou will use organizational process assets for studies of similar projects by risk specialists.

Studies of similar projects by risk specialists are historical organizational process assets that provide legitimate reference data for quantitative risk analysis.

CYou will use organizational process assets to determine costs of all risks events within the current project.Correct

Determining the costs of all risk events within the current project is done through the project's own cost estimating techniques and quantitative analysis tools applied to current project data - organizational process assets are historical and external references, not tools for calculating current project risk event costs.

DYou will use organizational process assets for information from prior similar projects.

Information from prior similar projects is a primary example of an organizational process asset that directly supports quantitative risk analysis by supplying historical performance and outcome data.

Concept tested: Organizational process assets in quantitative risk analysis

Source: https://www.pmi.org/pmbok-guide-standards/foundational/pmbok

Topics

#Organizational Process Assets#Quantitative Risk Analysis#Risk Inputs#Historical Information

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