Free PMI Project Management Professional Practice Question

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.