SOFTWARE PROJECT MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Question 57 of 100Question ID:613234A project manager is currently in the process of prioritizing individual project risks by assessing their detectability, proximity, and impact value. The project manager would like to create a graphical representation of these three dimensions.What is the best course of action?
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AGenerate a RACI chart
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BPrepare a requirements traceability matrix
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CDevelop a bubble chart
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DCreate a probability and impact matrix
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Explanation:
Detailed explanation-1: -Risk identification is the process of documenting any risks that could keep an organization or program from reaching its objective. It’s the first step in the risk management process, which is designed to help companies understand and plan for potential risks.
Detailed explanation-2: -Qualitative Risk Analysis This type of analysis helps project managers prioritize risks, understand the project’s risk exposure, the potential impact on the project, and determine the appropriate responses to a risk event.
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