The purpose of a numeric scale in risk management is to______________

The correct answer is B. Assign a relative value to the impact on project objectives if the risk in question occurs. You can develop relative or numeric, well-defined scales using agreed-upon definitions by the stakeholders. When using a numeric scale, each level of impact has a specific number assigned to it. [Planning] PMI®, PMBOK® Guide, 2013, 331-332

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Question

Options

AAvoid high-impact risks
BAssign a relative value to the impact on project objectives if the risk in question occurs
CRank order risks in terms of very low, low, moderate, high, and very high
DTest project assumptions

How the community answered

(26 responses)

A
4% (1)
B
92% (24)
C
4% (1)

Explanation

You can develop relative or numeric, well-defined scales using agreed-upon definitions by the stakeholders. When using a numeric scale, each level of impact has a specific number assigned to it. [Planning] PMI®, PMBOK® Guide, 2013, 331-332

Topics

#Risk impact assessment#Numeric scales#Qualitative risk analysis

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