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CBAP · Question #186
CBAP Question #186: Real Exam Question with Answer & Explanation
The correct answer is D. Quantitative risk analysis. Quantitative risk analysis uses numerical methods to determine the probability and financial impact of identified risks, distinguishing it from qualitative approaches that use subjective scales.
Question
Which of the following techniques involves attempting to make and numerically determine the probability of various adverse events and measuring the likely extent of the losses?
Options
- ARisk analysis
- BQualitative risk analysis
- CRisk assessment
- DQuantitative risk analysis
Explanation
Quantitative risk analysis uses numerical methods to determine the probability and financial impact of identified risks, distinguishing it from qualitative approaches that use subjective scales.
Common mistakes.
- A. Risk analysis is a general umbrella term for examining risks and does not specifically imply numerical or probabilistic measurement methods.
- B. Qualitative risk analysis prioritizes risks using subjective scales such as high, medium, or low rather than assigning specific numerical probabilities or financial values.
- C. Risk assessment broadly refers to identifying and evaluating risks without implying a strictly numerical or probabilistic methodology.
Concept tested. Quantitative risk analysis numerical probability measurement
Reference. https://www.pmi.org/pmbok-guide-standards/foundational/pmbok
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