PMI-RMP · Question #209
David is the project manager of HGF project for his company. David, the project team, and several key stakeholders have completed risk identification and are ready to move into qualitative risk…
The correct answer is D. It is a rapid and cost-effective means of establishing priorities for the plan risk responses and lays the. Qualitative risk analysis is a rapid and cost-effective process whose primary purpose is to prioritize identified risks so that the most critical ones drive risk response planning.
Question
David is the project manager of HGF project for his company. David, the project team, and several key stakeholders have completed risk identification and are ready to move into qualitative risk analysis. Tracy, a project team member, does not understand why they need to complete qualitative risk analysis. Which one of the following is the best explanation for completing qualitative risk analysis?
Options
- AIt is a cost-effective means of establishing probability and impact for the project risks.
- BQualitative risk analysis helps segment the project risks, create a risk breakdown structure, and create fast
- CAll risks must pass through quantitative risk analysis before qualitative risk analysis.
- DIt is a rapid and cost-effective means of establishing priorities for the plan risk responses and lays the
How the community answered
(37 responses)- A8% (3)
- B3% (1)
- C3% (1)
- D86% (32)
Why each option
Qualitative risk analysis is a rapid and cost-effective process whose primary purpose is to prioritize identified risks so that the most critical ones drive risk response planning.
While qualitative analysis is cost-effective, its output is a priority ranking using ordinal scales, not the numerical probability and impact values used in quantitative cost or schedule modeling.
Creating a risk breakdown structure is a categorization output that may emerge from risk identification or qualitative analysis, but it is not the primary purpose or best explanation for why qualitative analysis is performed.
This reverses the correct sequence - qualitative risk analysis is performed before quantitative risk analysis, not after it.
The PMBOK Guide defines qualitative risk analysis as a fast, low-cost process that assesses the probability and impact of each risk using defined ordinal scales to produce a prioritized list of risks. This prioritization directly feeds the Plan Risk Responses process by identifying which risks warrant the greatest attention, making it an essential and efficient step between risk identification and response planning.
Concept tested: Purpose and value of Perform Qualitative Risk Analysis
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