You are the project manager of the NNN project for your company. You and the project team are working together to plan the risk responses for the project. You feel that the team has successfully…

Qualitative risk analysis prioritizes risks by probability and impact ratings but does not quantify the degree of overall project risk reduction achieved through response planning.

Quantitative risk analysis is used iteratively - once after qualitative analysis to measure baseline project risk, and again after risk response planning to verify that the responses have adequately reduced the probability and impact of key risk events. This second pass provides a numerical confirmation that residual risk falls within the project's risk tolerance. The iterative nature of this process ensures responses are validated before implementation begins.

Risk identification is performed earlier in the process to discover risk events and is not repeated after response planning to verify whether overall project risk has decreased.

Risk response implementation (executing the responses) occurs after analysis confirms responses are adequate and is an execution activity, not an analytical process used to measure risk reduction.