Free PMI Project Management Professional (PMP) Practice Question

A risk with a probability of 0.3 and an impact of 0.5 has a higher risk score than a risk with a probability of 0.6 and an impact of 0.2.

False
True

Next Question

Correct Incorrect Unanswered

Report Issue

Answer Description

To determine the risk score, we multiply the probability by the impact for each risk:

Risk 1: 0.3 x 0.5 = 0.15 Risk 2: 0.6 x 0.2 = 0.12

The first risk has a score of 0.15, which is higher than the second risk's score of 0.12. This demonstrates that a risk with lower probability can still have a higher overall risk score if its impact is significantly higher. Understanding how to calculate and compare risk scores is crucial for prioritizing risks and developing appropriate response strategies in project management.

Ask Bash

Bash is our AI bot, trained to help you pass your exam. AI Generated Content may display inaccurate information, always double-check anything important.

How do you calculate a risk score in project management?

Open an interactive chat with Bash

What does it mean when a risk has a higher impact but lower probability?

Open an interactive chat with Bash

Why is it important to understand risk scores when managing projects?

Open an interactive chat with Bash

This question's topic:

PMI Project Management Professional (PMP) /

Process

Your Score:

People

Process

Business Environment

Agile

Waterfall

Check or uncheck an objective to set which questions you will receive.

Wipe Score