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PMI-RMP Exam - Topic 8 Question 82 Discussion

Actual exam question for PMI's PMI-RMP exam
Question #: 82
Topic #: 8
[All PMI-RMP Questions]

A risk manager has completed a risk identification workshop tor a construction project. One of the project risks is the delay in the shipment of some materials from another country. The risk manager and their team have determined this risk's low probability and high impact score.

What kind of analysis was done to determine this?

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Suggested Answer: B

by Adria at Jul 08, 2024, 05:21 AM

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Adria
5 months ago
Definitely qualitative, that's the standard approach for risk workshops.
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Rikki
5 months ago
Wait, how can they be sure it's low probability? Seems risky to assume!
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Madonna
5 months ago
I thought it might be quantitative since they have a high impact score.
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Gladys
5 months ago
Totally agree, low probability but high impact makes sense.
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Britt
6 months ago
Sounds like they did a qualitative analysis!
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Jutta
6 months ago
I could be wrong, but I feel like quantitative analysis would involve more calculations, so it might not fit this scenario.
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Elli
6 months ago
This sounds like a similar question we practiced, and I believe the answer is qualitative analysis because it deals with subjective assessments.
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Wilson
6 months ago
I'm not entirely sure, but I remember something about root cause analysis being more focused on identifying the source of risks rather than scoring them.
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Mollie
6 months ago
I think they used qualitative analysis since they assessed the probability and impact without numerical data.
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Lazaro
6 months ago
I think this is a pretty straightforward qualitative analysis question. The risk manager and their team have assessed the risk's probability and impact, which is typically done through a qualitative approach. I'm confident option A is the correct answer.
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Carman
6 months ago
Okay, let's see. The key information here is that the risk manager and their team have determined the risk's probability and impact. That points to a qualitative analysis, so I'm going to go with option A.
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Karan
6 months ago
Hmm, I'm not entirely sure about this one. The question mentions the risk's low probability and high impact, which could suggest a quantitative analysis was done. I'll have to think this through carefully.
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Marguerita
6 months ago
This seems like a straightforward qualitative analysis question. The risk manager and their team have determined the risk's probability and impact, which is typically done through a qualitative assessment.
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Ben
7 months ago
I'm a bit confused on this one. The question doesn't provide a lot of details about the specific analysis method used. I'll have to weigh the options carefully and try to eliminate the ones that don't seem to fit the scenario.
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Pamella
7 months ago
Hmm, I'm a bit unsure about the difference between CREATE and REPLACE. I'll need to think that through carefully.
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Jesus
7 months ago
I remember discussing related party transactions in class, and I think those do have materiality limits, so they might not be the right answer here.
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Luz
7 months ago
Okay, let's think this through. I'll start by calculating the spread for Bond X using the given information, then do the same for Bond Y. Shouldn't be too tricky if I take it step-by-step.
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Paulina
11 months ago
I wonder if the risk manager used a crystal ball to determine the probability and impact. That would be a unique approach!
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Hayley
11 months ago
Failure mode analysis? That's a bit too specific for this scenario. Qualitative analysis seems like the right call here.
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Tuyet
11 months ago
Root cause analysis? Nah, that's more for investigating the underlying causes of an issue, not determining the risk's characteristics.
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Abraham
9 months ago
I agree, it's crucial to address high impact risks even if they have a low probability of occurring.
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Lashaun
10 months ago
Exactly, it helps us prioritize which risks to focus on and develop mitigation strategies for.
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Karan
10 months ago
Exactly, it helps us prioritize our response and mitigation efforts.
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Mila
10 months ago
That makes sense, it's important to assess both the likelihood and potential consequences of the risk.
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Leontine
10 months ago
We conducted a probability and impact analysis to determine the characteristics of the risk.
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Dominque
10 months ago
That makes sense, it's important to assess both the likelihood and potential consequences of a risk.
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Shawana
10 months ago
We conducted a probability and impact analysis to determine the risk's characteristics.
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Lino
11 months ago
Hmm, I'm not sure if this is a quantitative analysis. Probability and impact scoring are usually part of a qualitative risk assessment.
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Brett
10 months ago
C) Quantitative analysis
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Vince
11 months ago
B) Root cause analysis (RCA)
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Solange
11 months ago
A) Qualitative analysis
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Britt
12 months ago
Looks like they did a qualitative analysis here. Identifying the risk's probability and impact score is a classic qualitative approach.
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Timothy
11 months ago
Qualitative analysis is a good starting point for understanding the potential impact of risks.
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Dorian
11 months ago
That makes sense, it's a common method for assessing risks in projects.
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Jaclyn
11 months ago
Yes, they used qualitative analysis to determine the probability and impact score.
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Luis
1 year ago
I believe quantitative analysis could also have been used to determine the risk's probability and impact score.
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Nida
1 year ago
I agree with Joseph, because they probably assessed the probability and impact subjectively.
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Joseph
1 year ago
I think the analysis done was qualitative analysis.
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