You are the project manager of the GHQ project for your company. You are working you're your project team to prepare for the qualitative risk analysis process. Mary, a project team member, does not understand why you need to complete qualitative risks analysis. You explain to Mary that qualitative risks analysis helps you determine which risks needs additional analysis. There are also some other benefits that qualitative risks analysis can do for the project. Which one of the following is NOT an accomplishment of the qualitative risk analysis process?

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A. Cost of the risk impact if the risk event occurs Determining the specific monetary cost of a risk impact requires numerical financial modeling, which is the purpose of quantitative risk analysis. Qualitative analysis uses relative scales such as high, medium, and low rather than dollar amounts to assess and prioritize risks.

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B. Corresponding impact on project objectives Assessing the corresponding impact on project objectives such as scope, schedule, and quality is a standard output of qualitative risk analysis.

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C. Time frame for a risk response Identifying the urgency or time frame for a risk response is a recognized output of qualitative risk analysis, helping determine which risks need immediate attention.

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D. Prioritization of identified risk events based on probability and impact Prioritizing identified risks based on their probability and impact rating is the primary purpose of qualitative risk analysis.

You are the project manager of the GHQ project for your company. You are working you're your project team to prepare for the qualitative risk analysis process. Mary, a project team member, does not un

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