Neil works as a project manager for SoftTech Inc. He is working with Tom, the COO of his company, on several risks within the project. Tom understands that through qualitative analysis Neil has identified many risks in the project. Tom’s concern, however, is that the priority list of these risk events are sorted in "high- risk," "moderate-risk," and "low-risk" as conditions apply within the project. Tom wants to know that is there any other objective on which Neil can make the priority list for project risks. What will be Neil’s reply to Tom?

A.
Risk may be listed by the responses in the near-term

B.
Risks may be listed by categories

C.
Risks may be listed by the additional analysis and response

D.
Risks may be listed by priority separately for schedule, cost, and performance

Explanation:

The probability and impact matrix is used to organize risks according to their significance. Using combinations of every risk’s probability of occurring and the impact on objectives, risks are prioritized in the groups of "high-risk," "moderate-risk," and "low-risk." Risk may be listed by priority individually for schedule, cost, and performance because organizations may value one objective over another.

Answer option A is incorrect. List of risks are generated which require response in the near-term. But risk listed by priority is the best choice for this question, as it includes all the risks in the project.

Answer option C is incorrect. Risks may be listed by the additional analysis and response. But risk listed by priority is the best choice for this question, as it includes all the risks in the project.

Answer option B is incorrect. Risks may be listed by categories. But risk listed by priority is the best choice for this question, as it includes all the risks in the project.

Reference: "Project Management Body of Knowledge (PMBOK Guide), Fourth Edition"