Risk Q

Submitted by raza82 on Wed, 01/30/2013 - 15:43

A risk impact scale that uses rank ordered values are very low, low, moderate and high is considered:

a) a cardinal scale

b) an ordinal scale

c) probabibility-impact scale

d) linear scale

Forums: 
PMP / CAPM exam Question bank
  • Log in to post comments
  • 1392 reads

sspawar

Thu, 01/31/2013 - 01:14

 As per definition of ordinal and cardinal , categorization in VL L M AND H will be a ordinal scale , option B.

raza82

Thu, 01/31/2013 - 12:26

But I didnt find this definition  in PMBOK. 

Have u come across such questions earlier?

steelproject2012

Fri, 02/01/2013 - 09:48

Hi sspower, kindly shed more light on cardinal, ordinal, and linear scale...

Thanks.

raza82

Fri, 02/01/2013 - 11:49

Explaination given is:

 

A risk impact scale describes the severity of the risk on the projects outcom. Impact can be ordinal or cardinal values.

Ordinal scales are descriptive rank-ordered values such as low, medium, high risk.

Cardinal scales  use numerical values to quantify these impacts 0.2, 0.4, 0.6.

Both ordinal and cardinal scales assigns relative values to the impacts on project objectives if risks occured

sunitaPMP

Thu, 01/31/2013 - 19:25

Ans C?

raza82

Thu, 01/31/2013 - 20:53

i too chosed Probabibility impact matrix and got it wrong 

krantikumar50

Fri, 02/01/2013 - 11:04

Hi Steelproject2012,


 


The name is "SSPAWAR" and not sspower.


 


Hope you would take care in future. You would not appreciate if you are written as stilprjct212. Right?


 


Thanks, KK...