Which of the following is the BEST method for discovering high-impact risk types?
A.
Qualitative risk analysis
B.
Delphi technique
C.
Failure modes and effects analysis
D.
Quantitative risk analysis
Explanation:
Failure modes and effects analysis is used in discovering high-impact risk types.
FMEA:
Is one of the tools used within the Six Sigma methodology to design and implement a robust
process to:
Identify failure modes
Establish a risk priority so that corrective actions can be put in place to address and reduce the
risk
Helps in identifying and documenting where in the process the source of the failure impacts the
(internal or external) customer
Is used to determine failure modes and assess risk posed by the process and thus, to
theenterprise as a whole’
for high-impact risk types. Hence is not the best answer.
Answer B is incorrect. Delphi is a technique to identify potential risk. In this technique, the
responses are gathered via aquestion:and their inputs are organized according to their contents.
The collected responses are sent back to these experts for further input, addition, and comments.
The final list of risks in the project is prepared after that. The participants in this technique areanonymous and therefore it helps prevent a person from unduly influencing the others in the
group. The Delphi technique helps in reaching the consensus quickly.