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PMI-RMP · Question #205

Gary is the project manager of the MMQ project for his company. He is working with his project team to plan the risk responses for his project. Sarah, a project team member, does not understand the…

The correct answer is D. Risks in the project should be addressed by their priority for creating risk responses. Risk responses should be planned based on risk priority, which integrates both probability and impact to direct the most effort toward the risks that matter most.

Perform Targeted Risk Analysis

Question

Gary is the project manager of the MMQ project for his company. He is working with his project team to plan the risk responses for his project. Sarah, a project team member, does not understand the process that Gary is using to plan the risk responses. Which approach is the preferred method to address project risks and the risk responses?

Options

  • ARisks in the project should be addressed by their probability for creating risk responses.
  • BRisks in the project should be addressed by the organization's risk tolerance for creating risk
  • CRisks in the project should be addressed by their impact for creating risk responses.
  • DRisks in the project should be addressed by their priority for creating risk responses.

How the community answered

(32 responses)
  • A
    3% (1)
  • B
    3% (1)
  • D
    94% (30)

Why each option

Risk responses should be planned based on risk priority, which integrates both probability and impact to direct the most effort toward the risks that matter most.

ARisks in the project should be addressed by their probability for creating risk responses.

Addressing risks solely by probability ignores their potential impact, which could cause the team to over-invest in high-probability but low-consequence risks while neglecting severe but less likely threats.

BRisks in the project should be addressed by the organization's risk tolerance for creating risk

Organizational risk tolerance informs how risks are evaluated and what thresholds trigger action, but it is not the ranking mechanism used to sequence individual risk responses.

CRisks in the project should be addressed by their impact for creating risk responses.

Addressing risks solely by impact ignores their likelihood, which could waste resources on extreme but highly improbable risks while neglecting more probable moderate risks.

DRisks in the project should be addressed by their priority for creating risk responses.Correct

The PMBOK Guide establishes that risks should be addressed in priority order - those ranked highest through qualitative analysis receive the greatest attention and resources during response planning. Priority reflects the combined assessment of probability and impact and ensures the team applies limited resources where they will have the most effect on overall project risk.

Concept tested: Priority-based risk response planning approach

Topics

#Risk prioritization#Risk response planning#Qualitative risk analysis#Risk analysis

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