You work as a project manager for BlueWell Inc. Management has asked you to work with the key project stakeholder to analyze the risk events you have identified in the project. They would like you…

Question

Options

• AFocus on the high-priority risks through qualitative risk analysis
• BInvolve the stakeholders for risk identification only in the phases where the project directly affects them
• CInvolve subject matter experts in the risk analysis activities
• DUse qualitative risk analysis to quickly assess the probability and impact of risk events

• A
  80% (33)
• B
  12% (5)
• C
  2% (1)
• D
  5% (2)

Explanation

Qualitative risk analysis rapidly prioritizes risks by assessing their probability and impact, producing a ranked list. Focusing effort and resources on high-priority risks is the most effective way to improve overall project performance because it targets the threats (and opportunities) with the greatest potential effect. The other options are either too restrictive (involving stakeholders only in phases that affect them directly) or restate a process step without explaining how it improves performance.

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