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PMI-RMP - Risk Thresholds and Triggers - Establishing Quantitative and Qualitative Risk Thresholds
Expert
1/12
When establishing risk thresholds for project cost overruns, what represents the most effective way to determine the numerical boundary between moderate and high-risk scenarios?
a.
Applying statistical modeling techniques based on random distribution of previous project cost variations and industry benchmarks
b.
Using regression analysis to predict cost variances based on project complexity indicators and market conditions
c.
Analyzing historical project data patterns and aligning them with organizational risk tolerance levels
d.
Calculating the standard deviation of past project overruns and multiplying by organizational risk appetite factors
Expert