Fred is the project manager of the CPS project. He is working with his project team to prioritize the
identified risks within the CPS project. He and the team are prioritizing risks for further analysis or
action by assessing and combining the risks probability of occurrence and impact. What process is
Fred completing?
A.
Risk identification
B.
Risk Breakdown Structure creation
C.
Perform qualitative analysis
D.
Perform quantitative analysis
Explanation:
Qualitative ranks the probability and impact and then helps the project manager and
team to determine which risks need further analysis. Perform Qualitative Risk Analysis is the
process of prioritizing risks for further analysis and action. It combines risks and their probability of
occurrences and ranks them accordingly. It enables organizations to improve the project’s
performance by focusing on high-priority risks. Perform Qualitative Risk Analysis is usually a rapid
and cost-effective means of establishing priorities for Plan Risk Responses. It also lays the
and organization of risks that you will complete in a risk breakdown structure.
tells you that Fred and the team will identify risks for additional analysis.