PMI Risk Management Professional (PMI-RMP) — Question 30

Which of the following best describes the strength of the probability and impact matrix for qualitative risk analysis?

Answer options

• A. It is well-suited to a decision tree analysis.
• B. It assists in handling other factors such as urgency and manageability that may partly determine the risk's ranking.
• C. It provides expert facilitators for the quantitative risk analysis.
• D. It reflects the organization's level of risk appetite.

Correct answer: B

Explanation

The correct answer, B, highlights that the matrix aids in evaluating factors beyond just probability and impact, such as urgency and manageability, which are crucial for prioritizing risks. Options A, C, and D do not accurately capture the primary function of the matrix in qualitative risk analysis, as they focus on other methodologies or concepts unrelated to its core purpose.