You are the project manager of the NNN project for your company. You and the project team are working together to plan the risk responses for the project. You feel that the team has successfully…

Quantitative risk analysis is often repeated after risk response planning to numerically evaluate the cumulative effect of the planned responses and determine if the overall project risk has been reduced to an acceptable level.

Risk identification is an initial process for discovering risks, not for re-evaluating risk levels after response planning.

Risk response implementation is the execution of planned responses, not the analysis of their effectiveness on overall project risk.

Qualitative risk analysis provides a high-level assessment and prioritization, but quantitative analysis offers a more precise, numerical measure of overall risk reduction after responses.