You are establishing the relative priorities of individual risks identified in the project.
Which of the following tasks is the least likely to impact this prioritization?
A. Reviewing the assumption log
B. Examining the risk register
C. Researching the stakeholder register
D. Creating the risk report
HINT: Which document is not an input to the Perform Qualitative Risk Analysis process?
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Answer and Explanation:
The correct answer is D.
Establishing the relative priorities of individual project risks, an activity described in the scenario, is done as part of the Perform Qualitative Risk Analysis process.
This process prioritizes the risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristics. The assumption log, risk register, and stakeholder register are all project documents which may serve as inputs into the Perform Qualitative Risk Analysis process. Note, the question is asking for the 'least' likely activity to be performed as part of this process.
The risk report is a project document that provides information on sources of overall project risk as well as the summary information on individual project risks and is created as an output from the Identify Risks process, rather than being used as an input to the Perform Qualitative Risk Analysis process, making the risk report the best answer to the question asked.
Details for each option:
A. Incorrect. The assumption log is one of the inputs associated with the Perform Qualitative Risk Analysis process suggested by the scenario. The assumption log is used for identifying, managing, and monitoring key assumptions and constraints that may affect the project. These may inform the assessment of the priority of individual project risks.
B. Incorrect. The question describes setting the relative priorities of identified risks, an activity which is done during the Perform Qualitative Risk Analysis process. The risk register serves as an input into this process. The risk register contains details of each identified individual project risk that will be assessed during that process.
C. Incorrect. The stakeholder register is an input to the Perform Qualitative Risk Analysis process implied by the scenario. The stakeholder register includes details of project stakeholders who may be nominated as risk owners.
D. Correct. The risk report is a project document that provides information on sources of overall project risk as well as the summary information on individual project risks. The risk report is created as an output from the Identify Risks process while the scenario describes the Perform Qualitative Risk Analysis process.
Reference:
A Guide to the Project Management Body of Knowledge (PMBOK® Guide) – Sixth Edition, Project Management Institute Inc., 2017, Page(s) 421, 418