Nancy is the project manager of the NHH project. She and the project team have identified a significant risk in the project during the qualitative risk analysis process. Bob is familiar with the technology that the risk is affecting and proposes to Nancy a solution to the risk event. Nancy tells Bob that she has noted his response, but the risk really needs to pass through the quantitative risk analysis process before creating responses. Bob disagrees and ensures Nancy that his response is most appropriate for the identified risk. Who is correct in this scenario?

A.
Bob is correct. Bob is familiar with the technology and the risk event so his response should be implemented.

B.
Nancy is correct. Because Nancy is the project manager she can determine the correct procedures for risk analysis and risk responses. In addition, she has noted the risk response that Bob recommends.

C.
Nancy is correct. All risks of significant probability and impact should pass the quantitative risk analysis process before risk responses are created.

D.
Bob is correct. Not all risk events have to pass the quantitative risk analysis process to develop effective risk responses.

Explanation:

Not all risk events have to pass through the quantitative risk analysis process to develop effective risk responses.
Answer option C is incorrect. Nancy is incorrect to state that risk events must pass through quantitative risk analysis process to develop a risk response this is not a true statement. Answer option B is incorrect. Just because Nancy is the project manager does not make her automatically correct. This is an example of the forcing decision-making process. Answer option A is incorrect. Bob does have experience with the technology, but that does not automatically make him correct to manage the risk event.
Reference: "Project Management Body of Knowledge (PMBOK Guide), Fourth Edition"