Gary Is the Project Manager for His Project

question 45

Multiple Choice

Gary is the project manager for his project. He and the project team have completed the qualitative risk analysis process and are about to enter the quantitative risk analysis process when Mary, the project sponsor, wants to know what quantitative risk analysis will review. Which of the following statements best defines what quantitative risk analysis will review?

• A) The quantitative risk analysis seeks to determine the true cost of each identified risk event and the probability of each risk event to determine the risk exposure.
• B) The quantitative risk analysis process will review risk events for their probability and impact on the project objectives.
• C) The quantitative risk analysis reviews the results of risk identification and prepares the project for risk response management.
• D) The quantitative risk analysis process will analyze the effect of risk events that may substantially impact the project's competing demands.

---

Definitions:

Laws and Ethics

The legal rules and moral principles that govern the professional conduct of individuals within a particular field.

Legal Consultation

The act of seeking expertise or advice on legal matters from a qualified lawyer or law firm.

Ethical Values

The set of moral principles and standards that guide behavior in personal and professional contexts.

Utilization Review

A health care quality assurance activity that assesses the necessity, appropriateness, and efficiency of the use of health care services, procedures, and facilities.