Virginia is the project manager for her organization. She has hired a subject matter expert to interview the project stakeholders on certain identified risks within the project. The subject matter expert will assess the risk event with what specific goal in mind?
A.
To determine the probability and cost of the risk event
B.
To determine the validity of each risk event
C.
To determine the bias of the risk event based on each person interviewed
D.
To determine the level of probability and impact for each risk event
Explanation:
During the risk assessment process, the goal is to determine the level of probability and impact for each risk event.
Answer option B is incorrect. The validity of each risk event is not a valid result of the risk probability and assessment technique.
Answer option C is incorrect. The bias towards certain risk events may come to light during the risk assessment technique, but this is not the primary goal of the process. Answer option A is incorrect. The probability and impact are determined, not the probability and cost during the risk assessment technique.
Reference: "Project Management Body of Knowledge (PMBOK Guide), Fourth Edition"
Correct answer is D