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PK0-004 · Question #820

A project team is assessing individual project risks by evaluating the probability tor each one to occur, as well as the potential impact to project objectives using low, medium, and high values…

The correct answer is B. qualitative risk analysis. Qualitative risk analysis is the process of determining the probability of occurrence and the impact of identified risks by using logical reasoning when numeric data is not readily available.

Project management concepts

Question

A project team is assessing individual project risks by evaluating the probability tor each one to occur, as well as the potential impact to project objectives using low, medium, and high values. The process the project team is using is known as:

Options

  • Arisk response planning.
  • Bqualitative risk analysis.
  • Cquantitative risk analysis.
  • Drisk mitigation planning.

How the community answered

(54 responses)
  • A
    2% (1)
  • B
    89% (48)
  • C
    6% (3)
  • D
    4% (2)

Explanation

Qualitative risk analysis is the process of determining the probability of occurrence and the impact of identified risks by using logical reasoning when numeric data is not readily available.

Topics

#qualitative risk analysis#probability and impact#risk assessment#risk management

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