You are the project manager of the PFO project. You are working with your project team members
and two subject matter experts to assess the identified risk events in the project. Which of the
following approaches is the best to assess the risk events in the project?

A.
Interviews or meetings

B.
Determination of the true cost of the risk event

C.
Probability and Impact Matrix

D.
Root cause analysis

Explanation:

Risk probability and assessment is completed through interviews and meetings with the
participants that are most familiar with the risk events, the project work, or have other information
that can help determine the affect of the risk.
Answer C is incorrect. The probability and impact matrix is a tool and technique to prioritize the
risk events, but it’s not the best answer for assessing risk events within the project.
Answer B is incorrect. The true cost of the risk event is not a qualitative risk assessment approach.
It is often done during the quantitative risk analysis process.
Answer D is incorrect. Root cause analysis is a risk identification technique, not a qualitative
assessment tool.