A project manager has access to risk management tools but chooses to use a quantitative method to evaluate the project risks. During project execution, the project sponsor asks for an updated risk matrix.
What should the project manager do next?
A.
Use integrated risk management software to evaluate the risks.
B.
Trust in the quantitative method already chosen as it is a precise method.
C.
Add new risks and send the risk matrix to leadership for approval.
D.
Use their own professional knowledge to reassess the risks.
The project manager should use their professional knowledge to reassess the risks. While quantitative methods can provide valuable insights, the project manager's expertise and judgment play a crucial role in evaluating risks, especially in responding to specific requests from the project sponsor. The project manager may consider the quantitative data along with other factors to provide a comprehensive and informed update to the risk matrix.
I think we should use the pre-approved risk assessment methods. An option to argue for a different measurement is missing.
upvoted 3 times
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