Question on RISK

[Arash Zaree]

there is new project in organization, probability and impact matrix developed in which process?

1- PLAN RISK

2-IDENTIFY RISK
3-PERFORM QUANTITATIVE RISK ANALYSIS

4- PERFORM QUALITATIVE RISK ANALYSIS

[Varun Paliwal]

I guess, the answer should be 'Perform Qualitative Risk Analysis'

 

Regards,

Varun

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[Sergey Vaskovsky]

I pick 4

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[Sagar]

The answwer is 

1. Plan Risk.

The probability and Impact matrices are developed during plan Risk management process and used during Perform Qualitative Risk analysis.

During Plan Risk management the existing org P&I matrices are taken and then they are tailored for project needs.

-Sagar,PMP

[Imran Khan]

Answer is  4

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[Satish Singh]

Correct answer is "4- PERFORM QUALITATIVE RISK ANALYSIS"

#1 says "how"

#2 says "What"

#3 is further extension for analysis

#4 here we analyse the risk as a starting lvl 

Thanks

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Regards,

Satish.

[Satish Singh]

Hello Sagar,

But during the planning , we don't have data to input in the matrices. 

Regards,

Satish.

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[Kuldeep Singh Solanki]

"Probability and impact matrix" developed during "Plan Risk Management". 

"Probability and impact matrix" is part of  Risk Management plan. Please refer to the page # 281 in PMBOK. 

Question is just asking when matrix is developed?  ANSWER will be 1- PLAN RISK

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[Pranav Sheth]

Correct answer is D

Thanks and Best Regards,
Pranav Sheth, PMP® .

[setty sree]

Hi Cornelius,

 

Can you kindly clear the doubt over here....

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Thanks & Regards,

Sreelatha ITIL®,PMP®

[Sri]

4- PERFORM QUALITATIVE RISK ANALYSIS 

First probability and impact and then rank them.. 

[Arash Zaree]

Correct Answer will be 4. when there is LL from past project that matrix will be tailored in Planning but if there is not such matrix or its the first time it will be developed during perform QUALITATIVE risk analysis.

[Nagarjuna]

1

[Satish Singh]

Definition, and template for probability and impact matrix are put together in planning process. However, they are developed during the  QUALITATIVE RISK ANALYSIS.

thus, i think " PERFORM QUALITATIVE RISK ANALYSIS " is the correct answer. 

Anyone knows the source of this question and correct answer?

Thanks.

Regards,

Satish.

1

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