After years of experience, a project manager becomes the lead manager for a company. This new lead manager asks all project managers to use a specific technique when they perform qualitative risk…

Question

Options

• ARelative Weighting of the objectives of Stakeholders (RWS)
• BObjectives Stakeholders Weighting (OSW)
• CQuantitative Weighted Analysis (QWA)
• DAnalytic Hierarchy Process (AHP)

• A
  5% (2)
• B
  2% (1)
• C
  7% (3)
• D
  85% (35)

Explanation

The Analytic Hierarchy Process (AHP) is a structured mathematical technique developed by Thomas Saaty for multi-criteria decision making. In project risk management, AHP is used to determine the relative priority or weight of project objectives (e.g., cost vs. schedule vs. scope vs. quality) from the stakeholders' perspective. It involves pairwise comparison of objectives, producing a normalized weighting vector that reflects how much each objective matters relative to the others. This weighting is then applied during qualitative risk analysis so that risks threatening higher-priority objectives receive more attention. Options A, B, and C are fabricated names and do not correspond to recognized project management or decision analysis techniques. AHP is the formally named methodology in PMI's Practice Standard for Project Risk Management for this purpose.

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