PMI-RMP · Question #582
PMI-RMP Question #582: Real Exam Question with Answer & Explanation
The correct answer is A: Probabilistic and quantitative risk analyses to get the overall risk score. To assess the likelihood of project success, the risk manager should use both probabilistic and quantitative risk analyses. Probabilistic analysis helps in understanding the range of possible outcomes and their probabilities, while quantitative risk analysis provides a numerical
Question
In a complex project, individual risks have been identified with the stakeholders. The project sponsor asks the risk manager about the likelihood of project success. Which risk analysis tool(s) should the risk manager use as a basis for their response?
Options
- AProbabilistic and quantitative risk analyses to get the overall risk score
- BQuantitative risk analysis to get the overall risk score
- CProbabilistic risk analysis to get the overall risk score
- DQualitative risk analysis to get the overall risk score
Explanation
To assess the likelihood of project success, the risk manager should use both probabilistic and quantitative risk analyses. Probabilistic analysis helps in understanding the range of possible outcomes and their probabilities, while quantitative risk analysis provides a numerical estimate of the overall risk impact on project objectives. Combining these methods gives a more comprehensive understanding of the project's risk profile and allows the risk manager to provide an informed response regarding the likelihood of project success. PMI's risk management standards support the use of these tools for a thorough and accurate risk assessment.
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