PGMP · Question #355
Ranking risks is performed in which of the following?
The correct answer is C. Qualitative Risk Analysis. Qualitative Risk Analysis is the process that ranks and prioritizes risks based on their assessed probability of occurrence and potential impact.
Question
Ranking risks is performed in which of the following?
Options
- AWorkarounds
- BRisk triggers
- CQualitative Risk Analysis
- DExpected monetary value (EMV.
How the community answered
(34 responses)- A3% (1)
- B3% (1)
- C88% (30)
- D6% (2)
Why each option
Qualitative Risk Analysis is the process that ranks and prioritizes risks based on their assessed probability of occurrence and potential impact.
Workarounds are unplanned responses to risks that were not anticipated, not a process where risks are ranked.
Risk triggers are warning signs that a risk is about to occur; they are not a process for ranking risks.
Qualitative Risk Analysis evaluates each identified risk by assessing its probability and impact, then ranks or prioritizes risks for further analysis or action. This ranking produces a prioritized list of risks and is a standard output of the Qualitative Risk Analysis process in the PMBOK Guide. It uses tools such as a probability and impact matrix to assign relative rankings without requiring numerical financial analysis.
Expected monetary value (EMV) is a quantitative technique used in Quantitative Risk Analysis, not a ranking process itself.
Concept tested: Qualitative Risk Analysis risk ranking and prioritization
Source: https://www.pmi.org/pmbok-guide-standards/foundational/pmbok
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