Which of the following processes is described in the statement below? "This is the process of numerically analyzing the effect of identified risks on overall project objectives."

Question

Options

• APerform Quantitative Risk Analysis
• BMonitor and Control Risks
• CPerform Qualitative Risk Analysis
• DIdentify Risks

• A
  79% (46)
• B
  5% (3)
• C
  12% (7)
• D
  3% (2)

Explanation

Perform Quantitative Risk Analysis is the process of numerically analyzing the effect of identified risks on overall project objectives. This process generally follows the Perform Qualitative Risk Analysis process. It is performed on risks that have been prioritized by the Perform Qualitative Risk Analysis process as potentially and substantially impacting the project's competing demands. The Perform Quantitative Risk Analysis should be repeated after Plan Risk Responses, as well as part of Monitor and Control Risks, to determine if the overall project risk has been decreased. Answer: C is incorrect. This is the process of prioritizing risks for further analysis or action by accessing and combining their probability of occurrence and impact. Answer: D is incorrect. This is the process of determiningbb which risks may affect the project and documenting their characteristics. Answer: B is incorrect. This is the process of implementing risk response plans, tracking identified risks, monitoring residual risk, identifying new risks, and evaluating risk process effectiveness through the project.

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