Risk-Rating Rules for Project Managers | Exam CAP Certification

Find Risk-Rating Rules for Project Managers

Question

Where can a project manager find risk-rating rules?

Answers

Explanations

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A. B. C. D.

B.

Risk-rating rules are typically part of an organization's risk management framework, and can be found in various documents or resources.

Option A - Risk probability and impact matrix, is a tool used to assess risks based on their probability of occurrence and potential impact on project objectives. While it can provide guidance on how to rate risks, it does not necessarily provide detailed rules.

Option B - Organizational process assets, are the documented procedures, policies, templates, and other knowledge-based items used by the organization. The risk-rating rules may be documented in this asset as a part of the organization's risk management process.

Option C - Enterprise environmental factors refer to internal and external factors that can affect the project, such as market trends, regulations, organizational culture, and industry standards. While these factors may influence risk rating rules, they are unlikely to provide specific rules themselves.

Option D - Risk management plan, is a formal document that outlines how the project team will manage risks throughout the project lifecycle. This plan includes risk rating rules that describe how risks are identified, assessed, and managed.

Based on the above, the most likely answer is B - Organizational process assets, as they typically contain detailed risk management procedures and practices, including specific risk-rating rules.