You are the project manager for your organization. You are working with your project team to complete the qualitative risk analysis process. The first tool and technique you are using requires that yo

The correct answer is C. Impact. The primary tool and technique in the Perform Qualitative Risk Analysis process is the Probability and Impact Assessment. For each identified risk, the project team evaluates two dimensions: the likelihood (probability) that the risk will occur, and the Impact (consequence/effect

Security and Privacy Governance, Risk Management, and Compliance Program

Question

You are the project manager for your organization. You are working with your project team to complete the qualitative risk analysis process. The first tool and technique you are using requires that you assess the probability and what other characteristic of each identified risk in the project?

Options

ARisk owner
BRisk category
CImpact
DCost

How the community answered

(26 responses)

A
4% (1)
B
4% (1)
C
92% (24)

Explanation

The primary tool and technique in the Perform Qualitative Risk Analysis process is the Probability and Impact Assessment. For each identified risk, the project team evaluates two dimensions: the likelihood (probability) that the risk will occur, and the Impact (consequence/effect) on project objectives such as scope, schedule, cost, or quality if it does occur. These two dimensions are then used together - often in a Probability and Impact Matrix - to prioritize risks. Options A (Risk Owner), B (Risk Category), and D (Cost) are not the paired characteristic in this foundational assessment tool.

Topics

#Risk Management#Qualitative Risk Analysis#Probability and Impact#Risk Assessment

Community Discussion

No community discussion yet for this question.

Full CAP Practice