Gary is the project manager for his project. He and the project team have completed the qualitative risk analysis process and are about to enter the quantitative risk analysis process when Mary, the…

Question

Options

• AThe quantitative risk analysis seeks to determine the true cost of each identified risk event
• BThe quantitative risk analysis process will review risk events for their probability and impact on
• CThe quantitative risk analysis reviews the results of risk identification and prepares the project
• DThe quantitative risk analysis process will analyze the effect of risk events that may

• B
  4% (1)
• C
  4% (1)
• D
  92% (22)

Explanation

Quantitative Risk Analysis numerically analyzes the effect of identified risk events on overall project objectives (typically cost and schedule). Answer D - 'The quantitative risk analysis process will analyze the effect of risk events that may [affect overall project objectives numerically]' - correctly captures this numerical, objective-level focus. Option A is wrong because QRA does not determine the 'true cost' of each risk in isolation; it models combined probabilistic impacts. Option B describes Qualitative Risk Analysis (probability and impact ranking). Option C describes outputs of Identify Risks, not QRA.

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