What process in Project Risk Management prioritizes project risks?

The correct answer is A. Perform Qualitative Risk Analysis. Perform Qualitative Risk Analysis is specifically defined as the process of prioritizing individual project risks by assessing their probability of occurrence and impact, using a probability and impact matrix. This allows teams to focus attention on high-priority risks. Perform Q

Predictive, Plan-Based Methodologies

Question

What process in Project Risk Management prioritizes project risks?

Options

APerform Qualitative Risk Analysis
BPerform Quantitative Risk Analysis
CPlan Risk Responses
DImplement Risk Responses

How the community answered

(41 responses)

A
93% (38)
C
5% (2)
D
2% (1)

Explanation

Perform Qualitative Risk Analysis is specifically defined as the process of prioritizing individual project risks by assessing their probability of occurrence and impact, using a probability and impact matrix. This allows teams to focus attention on high-priority risks. Perform Quantitative Risk Analysis (B) numerically analyzes the combined effect of identified risks on overall project objectives. Plan Risk Responses (C) develops options and actions to address prioritized risks. Implement Risk Responses (D) executes the agreed-upon risk response plans. Prioritization is the defining characteristic of Qualitative Risk Analysis.

Topics

#Project Risk Management#Qualitative Risk Analysis#Risk Prioritization#PMBOK Processes

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