PMI-RMP · Question #110
You are the project manager of the GHY project. In your organization you must follow certain enterprise environmental factors that establish the rules for risk management . One of the policies your…
The correct answer is B. Qualitative analysis. Qualitative risk analysis is characterized as a rapid, cost-effective method for prioritizing risks by assessing their relative probability and impact using subjective scales (e.g., High/Medium/Low). It is designed to be repeatable and quick - making it ideal for monthly…
Question
You are the project manager of the GHY project. In your organization you must follow certain enterprise environmental factors that establish the rules for risk management . One of the policies your project must adhere to requires periodic rapid analysis of risks within the project. These rapid, cost-effective session must be documented and performed monthly. What type of analysis are you required to perform according to your enterprise environmental factors?
Options
- ABrainstorming
- BQualitative analysis
- CDelphi Technique
- DQuantitative analysis
How the community answered
(50 responses)- A8% (4)
- B74% (37)
- C4% (2)
- D14% (7)
Explanation
Qualitative risk analysis is characterized as a rapid, cost-effective method for prioritizing risks by assessing their relative probability and impact using subjective scales (e.g., High/Medium/Low). It is designed to be repeatable and quick - making it ideal for monthly periodic reviews. Quantitative risk analysis is numerically rigorous and time-intensive, not 'rapid.' Brainstorming and the Delphi Technique are risk identification methods, not analysis methods used for ongoing periodic risk reviews.
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