A project manager is working on a complex construction project. During the risk identification process, hundreds of risks were identified. The team seems to be confused regarding on which risks to foc

The correct answer is B. Perform Qualitative Risk Analysis. Perform Qualitative Risk Analysis is the process of prioritizing individual risks by assessing and combining their probability of occurrence and their potential impact on project objectives. When the team is evaluating the likelihood and impact of each identified risk to determin

Perform Targeted Risk Analysis

Question

A project manager is working on a complex construction project. During the risk identification process, hundreds of risks were identified. The team seems to be confused regarding on which risks to focus. The project manager advises the team to go ahead and start assessing the likelihood and impact of each risk. What process is this part of?

Options

APlan Risk Management
BPerform Qualitative Risk Analysis
CPerform Quantitative Risk Analysis
DMonitor and Control Risk

How the community answered

(21 responses)

A
5% (1)
B
71% (15)
C
14% (3)
D
10% (2)

Explanation

Perform Qualitative Risk Analysis is the process of prioritizing individual risks by assessing and combining their probability of occurrence and their potential impact on project objectives. When the team is evaluating the likelihood and impact of each identified risk to determine which ones to focus on, that is precisely qualitative risk analysis. It transforms a long, unranked list of risks into a prioritized set, helping the team allocate attention effectively. Quantitative Risk Analysis (C) goes further by numerically modeling the combined effect of risks on project outcomes and is not focused on individual risk scoring.

Topics

#Qualitative Risk Analysis#Risk Assessment#PMI Risk Management Processes#Likelihood and Impact

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