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PMI-RMP · Question #99

You are the project manager of the GGH Project in your company. Your company is structured as a functional organization and you report to the functional manager that you are ready to move onto the…

The correct answer is B. You will need the risk register, risk management plan, cost management plan, schedule management. The standard PMBOK inputs for Quantitative Risk Analysis are: Risk Register, Risk Management Plan, Cost Management Plan, Schedule Management Plan, and Organizational Process Assets - all listed in option B. These inputs provide the data needed to numerically analyze risk…

Perform Targeted Risk Analysis

Question

You are the project manager of the GGH Project in your company. Your company is structured as a functional organization and you report to the functional manager that you are ready to move onto the quantitative risk analysis process. What things will you need as inputs for the quantitative risk analysis of the project in this scenario?

Options

  • AYou will need the risk register, risk management plan, permission from the functional manager, and any
  • BYou will need the risk register, risk management plan, cost management plan, schedule management
  • CYou will need the risk register, risk management plan, outputs of qualitative risk analysis, and any relevant
  • DQuantitative risk analysis does not happen through the project manager in a functional structure.

How the community answered

(30 responses)
  • A
    7% (2)
  • B
    90% (27)
  • D
    3% (1)

Explanation

The standard PMBOK inputs for Quantitative Risk Analysis are: Risk Register, Risk Management Plan, Cost Management Plan, Schedule Management Plan, and Organizational Process Assets - all listed in option B. These inputs provide the data needed to numerically analyze risk impacts on cost and schedule. Option A (C) incorrectly includes 'permission from the functional manager' - while a functional organization requires coordination with functional managers, permission is not a documented PMBOK input to this process. Option C suggests 'outputs of qualitative risk analysis' as a separate input, but these are captured within the Risk Register itself. Option D is incorrect - quantitative risk analysis can and does occur in functional organizations; the organizational structure affects the project manager's authority, not the existence of the process.

Topics

#Quantitative Risk Analysis#Process Inputs#Risk Management Plan#Cost and Schedule Management

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