CSSLP · Question #58
You and your project team have identified the project risks and now are analyzing the probability and impact of the risks. What type of analysis of the risks provides a quick and high-level review…
The correct answer is B. Qualitative risk analysis. Qualitative risk analysis provides a quick, high-level review of identified risks by assessing their probability and impact, enabling prioritization.
Question
You and your project team have identified the project risks and now are analyzing the probability and impact of the risks. What type of analysis of the risks provides a quick and high-level review of each identified risk event?
Options
- AQuantitative risk analysis
- BQualitative risk analysis
- CSeven risk responses
- DA risk probability-impact matrix
How the community answered
(57 responses)- A2% (1)
- B86% (49)
- C9% (5)
- D4% (2)
Why each option
Qualitative risk analysis provides a quick, high-level review of identified risks by assessing their probability and impact, enabling prioritization.
Quantitative risk analysis involves detailed numerical and statistical analysis to estimate monetary or schedule impacts, which is not a quick or high-level review.
Qualitative risk analysis involves assessing the probability of risk occurrence and its potential impact using descriptive terms, offering a rapid, high-level evaluation to prioritize risks.
Seven risk responses refer to strategies for addressing risks, not a type of risk analysis itself.
A risk probability-impact matrix is a tool used within qualitative risk analysis, not the analysis type itself.
Concept tested: Qualitative risk analysis definition
Source: https://www.pmi.org/learning/library/risk-management-qualitative-quantitative-assessment-7452
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