Risk Ranking for CompTIA Project+ Exam: Qualitative Scales for Probability and Impact
Question
While working on risk ranking, the project team is unsure about the qualitative scales to be used for probability and impact.
The project manager directs the team to look in the:
Answers
Explanations
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A. B. C. D.A.
When it comes to risk management, it's important to have a clear understanding of the probability and impact of each risk to prioritize them effectively. The probability of a risk occurring is the likelihood of it happening, while the impact of a risk is the severity of the consequences if it does occur.
In this scenario, the project team is unsure about the qualitative scales to be used for probability and impact. Qualitative scales are typically used to rank risks based on subjective measures, such as low, medium, or high. The project manager directs the team to look in the project management plan to find guidance on how to proceed.
The project management plan is a document that outlines the approach and methodology to be used for managing the project, including risk management. It should contain information on how the project team should assess and rank risks, including the qualitative scales to be used for probability and impact. Therefore, it is a good source of guidance for the project team in this situation.
The quality plan, on the other hand, is a document that outlines the quality assurance and control processes to be used on the project. While it may contain information related to risk management, it is less likely to provide guidance on the specific qualitative scales to be used for probability and impact.
The risk register is a document that lists all identified risks and their associated information, such as probability, impact, and mitigation plans. While it may contain information on how the project team assessed and ranked risks, it is unlikely to provide guidance on the specific qualitative scales to be used.
The process diagram is a visual representation of the project's processes and activities. While it may be useful for understanding the overall flow of the project, it is unlikely to provide guidance on the specific qualitative scales to be used for probability and impact.
Therefore, the best answer to this question is B. project management plan.
