nerdexam
PMI

PMI-RMP · Question #240

Sammy is the project manager for her organization. She would like to rate each risk based on its probability and affect on time, cost, and scope. Harry, a project team member, has never done this…

The correct answer is C. Sammy is correct, because organizations can create risk scores for each objective of the project. The PMBOK Guide explicitly permits creating separate risk scores for each project objective, making Sammy's approach of rating risks individually against time, cost, and scope correct.

Perform Targeted Risk Analysis

Question

Sammy is the project manager for her organization. She would like to rate each risk based on its probability and affect on time, cost, and scope. Harry, a project team member, has never done this before and thinks Sammy is wrong to attempt this approach. Harry says that an accumulative risk score should be created, not three separate risk scores. Who is correct in this scenario?

Options

  • AHarry is correct, because the risk probability and impact considers all objectives of the project.
  • BHarry iscorrect, the risk probability and impact matrix is the only approach to risk assessment.
  • CSammy is correct, because organizations can create risk scores for each objective of the project.
  • DSammy is correct, because she is the project manager.

How the community answered

(35 responses)
  • A
    3% (1)
  • B
    9% (3)
  • C
    74% (26)
  • D
    14% (5)

Why each option

The PMBOK Guide explicitly permits creating separate risk scores for each project objective, making Sammy's approach of rating risks individually against time, cost, and scope correct.

AHarry is correct, because the risk probability and impact considers all objectives of the project.

Harry is incorrect because the PMBOK Guide does support separate scores per objective, so an accumulative score is not the only valid method.

BHarry iscorrect, the risk probability and impact matrix is the only approach to risk assessment.

Harry is incorrect because the probability and impact matrix is one tool among several, and it does not prevent organizations from scoring risks against individual objectives.

CSammy is correct, because organizations can create risk scores for each objective of the project.Correct

The PMBOK Guide states that organizations can assess and score risk probability and impact against each project objective - time, cost, quality, and scope - separately, providing a more nuanced view of how a given risk affects different aspects of the project. This individual scoring approach allows the team to see, for example, that a risk has high impact on schedule but low impact on cost, which informs more targeted response planning. Harry's preference for a single accumulative score is a valid alternative but is not the only correct approach recognized by PMI.

DSammy is correct, because she is the project manager.

Sammy's role as project manager does not by itself validate her approach; her correctness is based on alignment with PMBOK guidance, not on her authority.

Concept tested: Risk scoring separately per project objective (time, cost, scope)

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

Topics

#Risk assessment#Qualitative risk analysis#Risk impact#Project objectives

Community Discussion

No community discussion yet for this question.

Sign up to join the discussion
Full PMI-RMP Practice