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

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Definitions:

Disadvantages

Disadvantages refer to the negative aspects or conditions that reduce effectiveness, efficiency, or desirability of something or someone.

Expressed Agreement

A contract in which the terms are stated clearly and explicitly, typically in written or spoken form.

Agents

Individuals or entities authorized to act on behalf of another, known as the principal, in commercial transactions or legal matters.

Employees

Individuals who are hired by an employer to perform specific tasks or services in exchange for compensation.