+360-Questions-and-Answers-For-PMBOK-Guide-SIXTH -Edition

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186.Answer:D.


PMBOK®Guide,page 405 ,Section11.1.3.1;ANDPAGE 407 ,Table 11 - 1 ; andpages 422 ,Section
11.3.2


Definitions of Risk Probability and Impact


TheQualityandcredibilityoftheriskanalysisrequiresthatdifferentlevelsofriskprobabilityand
impactbedefinedthatarespecifictotheprojectcontext.Generaldefinedthatarespecifictothe
project context. General definitions of probability levels and impact levels are tailored to the
individualprojectduringthePlanRiskManagementprocessforuseinsubsequentprocesses.Table
11 - 1 Ianexampleofdefinitionsofnegativeimpactsthatcouldbeusedinevaluatingriskimpacts
related to four project objectives. (Similar tables may be established with a positive impact
perspective.)Table 11 - 1 illustratesbothrelativeandnumerical(inthiscase,nonlinear)approaches.


Probability and Impact Matrix


Aprobabilityandimpactmatrixisagridformappingtheprobabilityofeachriskoccurrenceandits
impacton projectobjectives ifthatriskoccurs.Risks areprioritizedaccordingto theirpotential
implicationsforhavinganeffectontheproject’sobjectives.Atypicalapproachtoprioritizingrisksis
tousealook-uptableoraprobabilityandimpactmatrix.Thespecifictableoraprobabilityand
impactmatrix.Thespecificcombinationsofprobabilityandimpactthatleadtoariskbeingratedas
“high,”“moderate,”or‘low”importanceareusuallysetbytheorganization.


Risk Probability and ImpactAssessment


Riskprobabilityassessmentinvestigatesthelikelihoodthateachspecificriskwilloccur.Riskimpact
assessmentinvestigatesthepotentialeffectonaprojectobjectivesuchasschedule,cost,quality,or
performance,includingbothnegativeeffectsforthreatsandpositiveeffectsforopportunities...


187.Answer:B.


PMBOK® Guide, page 457 , Section 11.7.3; and page 453 , Figure 11 - 20


The Monitor Risks process has the followingoutputs:


1.Work PerformanceInformation


2.ChangeRequests.


3.Project Management PlanUpdates.


4.Project DocumentUpdates.


5.Organizational Process AssetsUpdates

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