During which of the following processes, probability and impact matrix is prepared?

The correct answer is A. Perform Qualitative Risk Analysis. The Probability and Impact Matrix is a tool used in the Perform Qualitative Risk Analysis process. It maps the probability of each risk occurring against its impact on project objectives, allowing the project team to prioritize risks by severity (high/medium/low). Qualitative…

Perform Targeted Risk Analysis

Question

Options

APerform Qualitative Risk Analysis
BMonitoring and Control Risks
CPlan Risk Responses
DPerform Quantitative Risk Analysis

How the community answered

(39 responses)

A
87% (34)
B
8% (3)
C
3% (1)
D
3% (1)

Explanation

The Probability and Impact Matrix is a tool used in the Perform Qualitative Risk Analysis process. It maps the probability of each risk occurring against its impact on project objectives, allowing the project team to prioritize risks by severity (high/medium/low). Qualitative Risk Analysis is a fast, low-cost way to assess and prioritize risks subjectively before deciding whether deeper quantitative analysis is needed. Quantitative Risk Analysis uses numerical methods (e.g., Monte Carlo simulation) and does not use this matrix as a primary tool. Plan Risk Responses and Monitor/Control Risks occur after risks have already been assessed.

Topics

#Qualitative Risk Analysis#Probability and Impact Matrix#Risk Management Process#Risk Analysis Tools

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