PMI-RMP · Question #193
You work as a project manager for BlueWell Inc. You are currently working with the project stakeholders to identify risks in your project. You understand that the qualitative risk assessment and analy
The correct answer is D. Evaluate the bias towards the risk events and correct the assessment accordingly. The correct approach is to evaluate the bias and then correct the assessment accordingly. Stakeholder attitudes - such as risk aversion or risk tolerance - can skew how risks are rated in probability and impact. Simply documenting bias (A or C) or running a SWOT analysis (B) does
Question
You work as a project manager for BlueWell Inc. You are currently working with the project stakeholders to identify risks in your project. You understand that the qualitative risk assessment and analysis can reflect the attitude of the project team and other stakeholders to risk. Effective assessment of risk requires management of the risk attitudes of the participants. What should you, the project manager, do with assessment of identified risks in consideration of the attitude and bias of the participants towards the project risk?
Options
- AEvaluate and document the bias towards the risk events
- BEvaluate the bias through SWOT for true analysis of the risk events
- CDocument the bias for the risk events and communicate the bias with management
- DEvaluate the bias towards the risk events and correct the assessment accordingly
How the community answered
(30 responses)- A3% (1)
- B13% (4)
- C7% (2)
- D77% (23)
Explanation
The correct approach is to evaluate the bias and then correct the assessment accordingly. Stakeholder attitudes - such as risk aversion or risk tolerance - can skew how risks are rated in probability and impact. Simply documenting bias (A or C) or running a SWOT analysis (B) does not ensure the final risk assessment is accurate and actionable. The PMBOK Guide explicitly states that effective risk assessment requires the project manager to identify and adjust for attitudinal bias so that the risk register reflects an objective, calibrated view of threats and opportunities. Correcting the assessment ensures decisions made from the risk data are sound.
Topics
Community Discussion
No community discussion yet for this question.