nerdexam
(ISC)2

CAP · Question #121

David is the project manager of HGF project for his company. David, the project team, and several key stakeholders have completed risk identification and are ready to move into qualitative risk…

The correct answer is A. It isa rapid and cost-effective means of establishing priorities for the plan risk responses and. Qualitative risk analysis is a rapid, cost-effective process used to prioritize risks so the team can focus risk response planning on the most critical threats and opportunities.

Security and Privacy Governance, Risk Management, and Compliance Program

Question

David is the project manager of HGF project for his company. David, the project team, and several key stakeholders have completed risk identification and are ready to move into qualitative risk analysis. Tracy, a project team member, does not understand why they need to complete qualitative risk analysis. Which one of the following is the best explanation for completing qualitative risk analysis?

Options

  • AIt isa rapid and cost-effective means of establishing priorities for the plan risk responses and
  • BIt is a cost-effective means of establishing probability and impact for the project risks.
  • CQualitative risk analysis helps segment the project risks, create a risk breakdown structure,
  • DAll risks must pass through quantitative risk analysis before qualitative risk analysis.

How the community answered

(31 responses)
  • A
    94% (29)
  • B
    3% (1)
  • C
    3% (1)

Why each option

Qualitative risk analysis is a rapid, cost-effective process used to prioritize risks so the team can focus risk response planning on the most critical threats and opportunities.

AIt isa rapid and cost-effective means of establishing priorities for the plan risk responses andCorrect

Qualitative risk analysis prioritizes identified risks by assessing their probability and impact using predefined scales, making it a rapid and cost-effective technique. Its primary output is a prioritized list of risks that directly feeds into the Plan Risk Responses process. This allows the team to focus time and resources on high-priority risks rather than treating all risks equally.

BIt is a cost-effective means of establishing probability and impact for the project risks.

While qualitative analysis does assess probability and impact, its purpose is to prioritize risks for response planning, not merely to establish those values as an end goal.

CQualitative risk analysis helps segment the project risks, create a risk breakdown structure,

A risk breakdown structure is created during the Identify Risks process, not qualitative risk analysis; qualitative analysis operates on already-identified risks.

DAll risks must pass through quantitative risk analysis before qualitative risk analysis.

This reverses the correct sequence - qualitative risk analysis precedes quantitative risk analysis, and not all risks require quantitative analysis.

Concept tested: Purpose and output of qualitative risk analysis

Source: https://www.pmi.org/pmbok-guide-standards/foundational/pmbok

Topics

#Risk Management#Qualitative Risk Analysis#Risk Prioritization#Project Management

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