Question 2) Certified Associate in Project Management

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Objective: Project Planning
SubObjective: Qualitative Risk Analysis

Single Answer Multiple Choice

You are the project manager of a project to produce a new line of products for your company. You have identified the risks for your project and now need to begin the Qualitative Risk Analysis process. Which tool would you use during the Qualitative Risk Analysis process?

A. inspection
B. decomposition
C. decision tree analysis
D. risk data quality assessment

Answer:
D. risk data quality assessment

Tutorial:
You would use a risk data quality assessment during the Qualitative Risk Analysis process. The risk data quality assessment is a tool used in Qualitative Risk Analysis. The risk data quality assessment involves evaluating the degree to which data pertaining to risk management is valuable.

You would not use inspection. Inspection involves reviewing or auditing work. Inspection is used during the Scope Verification and Perform Quality Control processes.

You would not use decomposition. Decomposition is a technique used to create a Work Breakdown Structure (WBS). During decomposition, the major deliverables of a project are reviewed and decomposed into successively smaller components that can be estimated, executed, and managed.

You would not use decision tree analysis. Decision tree analysis is a tool used in Quantitative Risk Analysis. With decision tree analysis, decision tree diagrams are used to quantify which risks have the most impact on a project.

Reference:
1. A Guide to the Project Management Body of Knowledge – PMBOK Guide 3rd Edition – Project Risk Management – 11.3.2.3 Risk Data Quality Assessment

These questions are derived from the Self Test Software Practice Test for PMI exam #CAPM3ED – Certified Associate in Project Management, Third Edition

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