PMI-RMP · Question #47
Nancy is the project manager of the NHH project. She and the project team have identified a significant risk in the project during the qualitative risk analysis process. Bob is familiar with the…
The correct answer is B. Bob is correct. Not all risk events have to pass the quantitative risk analysis process to. Quantitative risk analysis is an optional process - it is not performed on every project or for every risk. After qualitative risk analysis, risks may be categorized as requiring further quantitative analysis, or risk responses may be planned directly. Many organizations skip…
Question
Nancy is the project manager of the NHH project. She and the project team have identified a significant risk in the project during the qualitative risk analysis process. Bob is familiar with the technology that the risk is affecting and proposes to Nancy a solution to the risk event. Nancy tells Bob that she has noted his response, but the risk really needs to pass through the quantitative risk analysis process before creating responses. Bob disagrees and ensures Nancy that his response is most appropriate for the identified risk. Who is correct in this scenario?
Options
- ABob is correct. Bob is familiar with the technology and the risk event so his response should be
- BBob is correct. Not all risk events have to pass the quantitative risk analysis process to
- CNancy is correct. All risks of significant probability and impact should pass the quantitative risk
- DNancy is correct. Because Nancy is the project manager she can determine the correct
How the community answered
(26 responses)- A8% (2)
- B85% (22)
- C4% (1)
- D4% (1)
Explanation
Quantitative risk analysis is an optional process - it is not performed on every project or for every risk. After qualitative risk analysis, risks may be categorized as requiring further quantitative analysis, or risk responses may be planned directly. Many organizations skip quantitative analysis entirely if the project's complexity, size, or available data does not warrant it. Nancy's claim that all significant risks must pass through quantitative analysis before planning responses is incorrect. Bob's position - that responses can be planned after qualitative analysis - aligns with PMI's guidance that quantitative risk analysis is situation-dependent.
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