You have been assigned as the Project Manager for a new project that involves development of a
new interface for your existing time management system. You have completed identifying all
possible risks along with the stakeholders and team and have calculated the probability and
impact of these risks. Which of the following would you need next to help you prioritize the risks?
A.
Affinity Diagram
B.
Risk rating rules
C.
Project Network Diagram
D.
Risk categories
Explanation:
Risk rating rules define how to prioritize risks after the related probability and impact values are
calculated. These are generally included in the organizational process assets and are refined for
individual projects.
Answer A is incorrect. Affinity Diagram is a method of group creativity technique to collect
requirements which allows large numbers of ideas to be sorted into groups for review and
analysis. This is generally used in Scope Management and not applicable to this option D is
incorrect. Risk categories are an output of the Perform Qualitative Risk Analysis process and not a
tool to complete the process.
Answer C is incorrect. A Project Network diagram shows the sequencing and linkage between
various project tasks and is not applicable to this