Risk identification Question

During risk identification sessions, you and your team identified more than 150 risks for your project. You are afraid that evaluating each of these risks quantitatively will cost you an enormous amount of time, while not all of them are really relevant and important enough to justify such a measure. What should you do next?

o Identify risk triggers where possible. Analyze only those risks quantitatively for which no trigger could be found.

o Use qualitative risk analysis in order to prioritize risks for further action, such as quantitative risk analysis.

o Assess the probability of each risk qualitatively and further analyze only those risks with high probability.

o Assess the potential impact of each risk qualitatively and further analyze only those risks with high impact.

 

Wondering why Answer is 2 not 3

Can anyone please tell.

 

admin's picture

3 and 4 options separate out Proablity and Impact

Option 2 says qualitative risk analysis which will consider both probablity and impact. So its more appropriate.

Ok . 

Thanks

option 2 is correct because after risk identification, one has to identify the risks that has high probability and impact on the project so you do qualitative risk analysis of all of them.

After this stage, you will get another set of high risks which will be then fed into quantitative analysis process to determine the most critical ones that can hamper your project.

answer should be

Use qualitative risk analysis in order to prioritize risks for further action, such as quantitative risk analysis.

This covers both imapct and probablity . 

Dear Admin,

 

Am getting 69% to 72% for CAPM exam from rita and free PMSTUDY test.

 

Please advice if am i ready to attempt the real exam.