Where can Mark determine the priority of a risk given its probability and impact?

Mark is the project manager of the BFL project for his organization. He and the project team are creating a probability and impact matrix using RAG rating. There is some confusion and disagreement among the project team as to how a certain risk is important and priority for attention should be managed. Where can Mark determine the priority of a risk given its probability and impact?

Question:

Where can Mark determine the priority of a risk given its probability and impact?

Options:

Risk management plan

Project sponsor

Risk response plan

Look-up table

Correct Answer

The Correct Answer for this Question is

Look-up table

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