Question

A project manager is reviewing the risk register with the team during planning. Several risks have been identified, and the PM wants to determine which risks deserve the most attention and detailed response planning first. Which technique should the PM use to prioritize the identified risks?

Accepted Answer

Assess each risk's probability and impact, then rank them using a probability and impact matrix

Answer

Assign a mitigation owner to every risk in the order they were identified

Answer

Escalate all identified risks to the project sponsor for a funding decision

Answer

Add a fixed contingency reserve equal to 10 percent of the budget for all risks