Amy is the project manager for her company. In her current project the organization has a very low tolerance for risk events that will affect the project schedule. Management has asked Amy to…

Question

Options

• AShe can create an overall project rating scheme to reflect the bias towards risks that affect the
• BShe can filter all risks based on their affect on schedule versus other project objectives.
• CShe can have the project team pad their time estimates to alleviate delays in the project schedule.
• DShe can shift risk-laden activities that affect the project schedule from the critical path as much as

• A
  77% (47)
• B
  7% (4)
• C
  13% (8)
• D
  3% (2)

Explanation

Creating an overall project risk rating scheme that reflects the organization's bias toward schedule risks is the appropriate technique. This involves weighting the probability-impact matrix or risk scoring model to assign higher scores to risks that affect schedule compared to other objectives, thereby surfacing schedule-related risks as higher priority. Filtering risks by schedule impact alone (B) is a partial approach but not a systematic rating scheme. Padding time estimates (C) is schedule buffering, not a risk rating approach. Shifting risk-laden activities off the critical path (D) is a scheduling technique, not a method for creating a risk rating bias.

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