You Are the Project Manager for Your Organization

question 291

Multiple Choice

You are the project manager for your organization. You are working with your key stakeholders in the qualitative risk analysis process. You understand that there is certain bias towards the risk events in the project that you need to address, manage, and ideally reduce. What solution does the PMBOK recommend to reduce the influence of bias during qualitative risk analysis?

• A) Establish the definitions of the levels of probability and impact
• B) Isolate the stakeholders by project phases to determine their risk bias
• C) Involve all stakeholders to vote on the probability and impact of the risk events
• D) Provide iterations of risk analysis for true reflection of a risk probability and impact

---

Definitions:

Rate of Return

A measure of the gain or loss on an investment over a specified time period, expressed as a percentage of the investment's cost.

Holding Period

The duration of time an investment is held before being sold, which can affect the rate of return and tax implications.

Base Monthly Salary

The initial rate of compensation provided to an employee, excluding additional earnings such as bonuses, overtime, or commissions.

Commission

A fee paid for provided services, typically a percentage of the transaction value, common in sales and trading environments.