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GIAC Exam GCPM Topic 3 Question 51 Discussion

Actual exam question for GIAC's GCPM exam
Question #: 51
Topic #: 3
[All GCPM Questions]

Mark is the project manager of the BFL project for his organization. He and the project team are creating a probability and impact matrix using RAG rating. There is some confusion and disagreement among the project team as to how a certain risk is important and priority for attention should be managed. Where can Mark determine the priority of a risk given its probability and impact?

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Suggested Answer: B

by Jani at Jul 17, 2024, 03:54 AM

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Coletta
6 months ago
I'm just hoping Mark didn't use a Magic 8-Ball to determine the risk priority. That would be a whole new level of project management!
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Shawn
6 months ago
Nah, the project sponsor's not the one to decide the risk priority. They're too busy counting their money to worry about the details.
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Tamar
5 months ago
C) Risk response plan
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Sharika
5 months ago
B) Look-up table
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Cherry
6 months ago
A) Risk management plan
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Fannie
6 months ago
Risk response plan, of course! That's where we outline how we'll handle the risks, including their priority.
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Stefany
5 months ago
D) Project sponsor
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Lezlie
5 months ago
C) Risk response plan
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Ronny
5 months ago
B) Look-up table
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Lindsey
6 months ago
A) Risk management plan
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Jolanda
7 months ago
I believe the risk response plan might also provide some insight on how to prioritize risks based on their probability and impact.
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Wenona
7 months ago
But what if the risk management plan is not clear enough? Should we refer to the project sponsor for guidance?
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Whitley
7 months ago
I agree with Erick, the risk management plan should outline how to prioritize risks based on probability and impact.
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Billy
7 months ago
Ah, a look-up table would be the way to go! Just plug in the probability and impact and boom, you've got your priority level.
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Sommer
6 months ago
C) Risk response plan
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Gianna
7 months ago
B) Look-up table
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Lillian
7 months ago
A) Risk management plan
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Janae
7 months ago
The risk priority should be determined in the risk management plan. That's where we establish the criteria for assessing risk importance.
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Lashonda
5 months ago
C) Risk response plan
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Jesus
6 months ago
B) Look-up table
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Wenona
6 months ago
A) Risk management plan
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Ira
6 months ago
C) Risk response plan
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Queenie
6 months ago
B) Look-up table
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Kiley
7 months ago
A) Risk management plan
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Eun
7 months ago
B) Look-up table
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Malinda
7 months ago
A) Risk management plan
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Erick
7 months ago
I think the priority of a risk can be determined from the risk management plan.
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