What type of analysis of the risks provides a quick and high-level review of each identified risk event?

You and your project team have identified the project risks and now are analyzing the probability and impact of the risks. What type of analysis of the risks provides a quick and high-level review of each identified risk event?

A.
Quantitative risk analysis

B.
Seven risk responses

C.
A risk probability-impact matrix

D.
Qualitative risk analysis

Explanation:

Qualitative risk analysis is a high-level, fast review of the risk event. Qualitative risk analysis qualifies the risk events for additional analysis.
What is Perform Qualitative Risk Analysis? Hide

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 foundation for Perform Quantitative Risk Analysis.

Answer option A is incorrect. Quantitative risk analysis is an in-depth analysis of the risk events.

Answer option C is incorrect. Risk probability-impact matrixes can be used in both qualitative and quantitative risk analysis.

Answer option B is incorrect. There are seven risk responses in project management, but this choice does not answer the question.