During qualitative risk analysis you want to define the risk urgency assessment. All of the following are indicators of risk priority except for which one?

Question

Options

• ASymptoms
• BCost of the project
• CWarning signs
• DRisk rating

• A
  2% (1)
• B
  93% (50)
• C
  4% (2)
• D
  2% (1)

Explanation

Risk urgency assessment in qualitative risk analysis evaluates how soon a risk may materialize and how quickly a response is needed. Indicators of risk priority and urgency include: symptoms (early warning signs that a risk event is approaching), warning signs (triggers that indicate a risk is imminent), and risk rating (a score derived from probability and impact). The overall cost of the project is NOT an indicator of risk urgency or priority for an individual risk - it is a project-level constraint, not a characteristic of a specific risk event. Cost may be an impact factor for a given risk, but the project's total cost does not determine how urgent or high-priority a particular risk is.

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