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PMI-RMP · Question #134

You are the project manager of the CUL project in your organization. You and the project team are assessing the risk events and creating a probability and impact matrix for the identified risks…

The correct answer is B. A qualitative risk analysis requires accurate and unbiased data if it is to be credible. Qualitative risk analysis requires accurate and unbiased data to produce credible probability and impact assessments that can support sound project decisions.

Perform Targeted Risk Analysis

Question

You are the project manager of the CUL project in your organization. You and the project team are assessing the risk events and creating a probability and impact matrix for the identified risks. Which one of the following statements best describes the requirements for the data type used in qualitative risk analysis?

Options

  • AA qualitative risk analysis requires fast and simple data to complete the analysis.
  • BA qualitative risk analysis requires accurate and unbiased data if it is to be credible.
  • CA qualitative risk analysis encourages biased data to reveal risk tolerances.
  • DA qualitative risk analysis required unbiased stakeholders with biased risk tolerances.

How the community answered

(24 responses)
  • A
    8% (2)
  • B
    88% (21)
  • D
    4% (1)

Why each option

Qualitative risk analysis requires accurate and unbiased data to produce credible probability and impact assessments that can support sound project decisions.

AA qualitative risk analysis requires fast and simple data to complete the analysis.

While qualitative analysis is faster than quantitative analysis, characterizing its data needs as merely 'fast and simple' ignores the quality requirement - data must also be accurate and unbiased to yield credible results.

BA qualitative risk analysis requires accurate and unbiased data if it is to be credible.Correct

Qualitative risk analysis relies on expert judgment and subjective rating scales rather than numerical computation, which makes data quality critical - inaccurate or biased input data will produce distorted risk prioritization, undermine stakeholder confidence in the analysis, and lead to misallocation of risk response resources.

CA qualitative risk analysis encourages biased data to reveal risk tolerances.

Qualitative risk analysis explicitly requires unbiased data; intentionally introducing bias would corrupt probability and impact ratings and invalidate the analysis.

DA qualitative risk analysis required unbiased stakeholders with biased risk tolerances.

This option contradicts itself - accurate qualitative analysis requires both unbiased stakeholders and accurately understood risk tolerances, not a combination of unbiased participants and biased tolerances.

Concept tested: Data quality requirements in qualitative risk analysis

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

Topics

#Qualitative Risk Analysis#Data Quality#Risk Data Requirements#Credibility

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