Project Risk Question

Submitted by YogSam on Tue, 02/03/2015 - 00:34
The Risk Management plan will usually contain the definitions of risk probability and impact.
 
Which of the following has the highest impact (negative) on a project?
 
A rating of 1.1 on the impact scale
A rating of 0.8 on the impact scale
A rating of 0 on the impact scale
A rating of 0.1 on the impact scale
 
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PMP / CAPM exam Question bank
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admin's picture

admin

Tue, 02/03/2015 - 09:26

Usually the higher impact is depicted by higher score. If the risk impact scale is upto 1 then 0.8 would be the answer, else 1.1 will be the right answer. 

YogSam

Tue, 02/03/2015 - 14:21

The question didn't say that the risk impact scale is 0 thru 1.

I chose 1.1 and it went wrong. Saying 0.8 is correct. The explaination said that risk impact scale is 0 thru 1 but i believe this is not a standard as I did not find this anywhere.

 

coolpmp69

Tue, 02/03/2015 - 14:27

Probability always ranges between 0 to 1 so that being said, 0.8 is the correct answer.

VinC

Wed, 02/04/2015 - 14:01

0.8 is my choice

The question focusses on probability and which can range between 0 and 1.

coolpmp69

Thu, 02/12/2015 - 15:56

what's the correct answer??

rkraneis's picture

rkraneis

Thu, 02/12/2015 - 17:56

YogSam,

As with most PMP questions that are non-math related, I gave myself 1 minute to answer it.  I think it took 10 seconds.

The answer is .8 .

Then I researched the answer on Google with the phrase risk impact scale PMP .  I wanted an answer that described risk impact scale from a PMP context.

I smiled when I saw an answer from Kim Heldman's book.  I read Kim Heldman's book cover to cover when I studied for the PMP.  And yes, I read PMBOK cover to cover also.

Kim wrote that risk impact scales are both ordinal and cardinal.  Read Kim Heldman's description of risk impact scale.

Sadly, the reason the question didn't describe the 0 to 1 scale is because they expected you to know it from your studies.  That may sound harsh, but that's the way these questions are often structured.

Hang in there, keep studying, and give yourself only 1 minute per question (or to be precise, 1.2 minutes per question).

Best Wishes on Passing the PMP,

Richard Kraneis, PMP
Chicago, IL  USA