What should you, the project manager, do with assessment of identified risks in consideration of the attitude and bias of the participants towards the project risk?

You work as a project manager for BlueWell Inc. You are currently working with the project stakeholders to identify risks in your project. You understand that the qualitative risk assessment and analysis can reflect the attitude of the project team and other stakeholders to risk. Effective assessment of risk requires management of the risk attitudes of the participants. What should you, the project manager, do with assessment of identified risks in consideration of the attitude and bias of the participants towards the project risk?

Question:

What should you, the project manager, do with assessment of identified risks in consideration of the attitude and bias of the participants towards the project risk?

Options:

Evaluate and document the bias towards the risk events

Evaluate the bias through SWOT for true analysis of the risk events

Document the bias for the risk events and communicate the bias with management

Evaluate the bias towards the risk events and correct the assessment accordingly

Correct Answer

The Correct Answer for this Question is

Evaluate the bias towards the risk events and correct the assessment accordingly

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