The risk manager also serves as a facilitator for a project and realizes the project team members have biases impacting how they perceive risks. What analysis is currently being used?

Question

Options

• AQuantitative risk analysis
• BForce field analysis
• CQualitative risk analysis
• DStakeholder analysis

• A
  5% (1)
• C
  85% (17)
• D
  10% (2)

Explanation

Qualitative risk analysis relies on subjective judgment, expert opinion, and perception to prioritize risks by assessing their probability and impact. Because it is inherently subjective, cognitive biases (e.g., optimism bias, anchoring, groupthink) can significantly distort the results. Recognizing and managing these biases is a key challenge in qualitative risk analysis. Quantitative risk analysis (A) uses numerical data and is less susceptible to subjective bias. Force field analysis (B) evaluates forces for and against change. Stakeholder analysis (D) identifies stakeholders and their interests.

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