Fred is the project manager of the PKL project. He is working with his project team to complete the quantitative risk analysis process as a part of risk management planning. Fred understands that once

Question

Options

• AQuantitative risk analysisprocess will be completed again after the plan risk response
• BQuantitative risk analysis process will be completed again after the cost managementplanning
• CQuantitativerisk analysis process will be completed again after new risks are identified and as
• DQuantitative risk analysis process will be completed again after the risk response planning

• A
  3% (2)
• B
  2% (1)
• C
  8% (5)
• D
  87% (55)

Explanation

According to the PMBOK Guide, quantitative risk analysis is an iterative process and should be repeated after risk response planning (D) to confirm that planned responses have sufficiently reduced overall project risk, and again when new risks are identified during monitoring and controlling. Performing QRA after risk response planning allows the team to verify that risk responses are effective and that residual risks remain at an acceptable level. This iteration is essential to validate that the risk management strategies have achieved their intended effect before proceeding.

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