Certified Authorization Professional (CAP) — Question 21

Mark is the project manager of the BFL project for his organization. He and the project team are creating a probability and impact matrix using RAG rating. There is some confusion and disagreement among the project team as to how a certain risk is important and priority for attention should be managed. Where can Mark determine the priority of a risk given its probability and impact?

Answer options

• A. Risk response plan
• B. Project sponsor
• C. Risk management plan
• D. Look-up table

Correct answer: D

Explanation

The correct answer is D, as a look-up table provides a structured way to evaluate the priority of risks based on their probability and impact ratings. The other options, such as the Risk response plan and Risk management plan, focus on how to address risks rather than determining their priority. The Project sponsor does not typically have the specific risk prioritization data that a look-up table would provide.