Certified in Risk and Information Systems Control (CRISC) — Question 1068

You are the project manager of a project in Bluewell Inc. You and your project team have identified several project risks, completed risk analysis, and are planning to apply most appropriate risk responses. Which of the following tools would you use to choose the appropriate risk response?

Answer options

• A. Project network diagrams
• B. Cause-and-effect analysis
• C. Decision tree analysis
• D. Delphi Technique

Correct answer: C

Explanation

The correct answer is C, Decision tree analysis, as it provides a visual representation of decisions and their potential outcomes, making it easier to evaluate the impact of different risk responses. The other options, while useful in various project management contexts, do not specifically facilitate the selection of risk responses as effectively as decision tree analysis.