Project Management Professional (PMP) Exam Practice – Question1607

As head of the project management office, you need to focus on those items where risk responses can lead to better project outcomes. One way to help you make these decisions is to______________


A. Use a probability and impact matrix
B. Assess trends in perform quantitative risk analysis results
C. Prioritize risks and conditions
D. Assess trends in perform qualitative risk analysis results

Correct Answer: A

Explanation:

Explanation:
The probability and impact matrix can be used to classify risks according to their level of impact and to prioritize them for future quantitative analyses and responses based on their rating. Typically these risk rating rules are specified by the organization in advance
of the project. The matrix specifies combinations of probability and impact that lead to rating the risks as low, moderate, or high priority.