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Your project has several risks that may cause serious financial impact should they happen. You have studied the risk events and made some potential risk responses for the risk events but management wants you to do more. They'd like for you to create some type of a chart that identified the risk probability and impact with a financial amount for each risk event. What is the likely outcome of creating this type of chart?
Suggested Answer: C
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12 comments · newest first
DO
Dorian
1 year ago
Totally agree, a risk response plan is essential after this!
SI
Simona
1 year ago
Wait, will a chart really help? Seems a bit simplistic.
AN
An
1 year ago
I think a contingency reserve is more important than just a chart.
WE
Wei
1 year ago
Definitely need that quantitative analysis to back up decisions.
MO
Mozell
1 year ago
Sounds like a solid plan for managing risks!
CA
Cassi
1 year ago
I feel like the chart could help in developing a risk response plan, but I'm not confident about that.
DA
Darell
1 year ago
This seems similar to a practice question we did on risk management, where we had to evaluate the financial implications of risks.
CO
Corinne
1 year ago
I'm not entirely sure, but I think it might lead to a quantitative analysis of the risks, right?
SO
Sommer
1 year ago
I remember we talked about how creating a chart like this could help in prioritizing risks based on their financial impact.
NA
Nan
1 year ago
Okay, I think I've got a strategy for this. Exploratory testing can help us test effectively without a complete test basis, which seems like the most relevant benefit here.
HU
Huey
1 year ago
Hmm, this looks tricky. I'm not sure I'm following the units and conversions here. I better re-read the question carefully and make sure I understand what they're asking.
LA
Lacey
1 year ago
I'm leaning towards option B because it seems to make sense, but I have a nagging feeling I might be getting it mixed up with sub-services.