PMI Risk Management Professional Practice Exam

The correct answer is the risk categorization by work breakdown structure. This approach allows a project manager to align risks with specific project activities by breaking down the project into its components. The work breakdown structure (WBS) provides a hierarchical framework that organizes and defines the total scope of the project. When risks are categorized according to the elements of the WBS, it enables a clearer understanding of which activities are associated with which risks. This categorization helps the project manager identify and assess risks more effectively based on how they impact specific segments of the project, facilitating targeted risk management strategies.

Other options may not fully address the need to relate risks directly to specific activities. For instance, a risk breakdown structure is more focused on organizing risks themselves rather than linking them to activities, and a probability and impact matrix is typically used to evaluate risks rather than categorize them by activities. Additionally, a risk breakdown by activity network diagram may provide a visual representation of how risks associate with activities but does not effectively categorize them within the complete structure of the project. Therefore, risk categorization by work breakdown structure offers the most direct and organized method for relating risks to specific project activities.