CORRECT TEXT
Fill in the blank with the appropriate word. The primary goal of _________________ risk analysis
is to determine the proportion of effect and theoretical response.
Answer: qualitative
Explanation:
Qualitative risk analysis uses the likelihood and impact of the identified risks in a fast and costeffective manner. Qualitative risk analysis establishes a basis for a focused quantitative analysis
or risk response plan by evaluating the precedence of risks with a view to impact on the project’s
scope, cost, schedule, and quality objectives. Qualitative risk analysis is conducted at any point in
a project life cycle. The primary goal of qualitative risk analysis is to determine the proportion of
effect and theoretical response. The inputs to the qualitative riskanalysis process are as follows:
Organizational process assets
Project scope statement
Risk management plan
Risk register