Don is the project manager of the PFO project for his organization. Don is working with the project team members and two subject matter experts to assess the identified risk events in the project…

Question

Options

• ADetermination of the true cost of the risk event
• BProbability and Impact Matrix
• CRoot cause analysis
• DInterviews or meetings

• A
  5% (1)
• B
  11% (2)
• C
  5% (1)
• D
  79% (15)

Explanation

When working with project team members and subject matter experts to assess risk events, interviews or meetings are the most appropriate approach. This technique leverages the knowledge and experience of the participants directly - both the team (who understands the project intimately) and the SMEs (who have domain expertise). Interviews or meetings allow for collaborative discussion, questioning, and nuanced assessment of probability and impact for each risk. Option B (Probability and Impact Matrix) is an output/tool used to categorize risks after assessment - it requires input data that would come from interviews. Option C (Root cause analysis) is used to identify underlying causes, not to assess risk events. Option A (determining the true cost) is only one dimension of risk assessment, not the overall best approach.

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