You are the project manager of the CUL project in your organization. You and the project team are assessing the risk events and creating a probability and impact matrix for the identified risks. Which one of the following statements best describes the requirements for the data type used in qualitative risk analysis?
A.
A qualitative risk analysis required unbiased stakeholders with biased risk tolerances.
B.
A qualitative risk analysis requires fast and simple data to complete the analysis.
C.
A qualitative risk analysis requires accurate and unbiased data if it is to be credible.
D.
A qualitative risk analysis encourages biased data to reveal risk tolerances.
Explanation:
Of all the choices only this answer is accurate. The PMBOK clearly states that the data must be accurate and unbiased to be credible.
Answer option B is incorrect. This is not a valid statement about the qualitative risk analysis data.
Answer option D is incorrect. This is not a valid statement about the qualitative risk analysis data.
Answer option A is incorrect. This is not a valid statement about the qualitative risk analysis data.
Reference: "Project Management Body of Knowledge (PMBOK Guide), Fourth Edition"