Gary Is the Project Manager for His Project

question 145

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 process will analyze the effect of risk events that may substantially impact the project's competing demands.
• B) The quantitative risk analysis reviews the results of risk identification and prepares the project for risk response management.
• C) The quantitative risk analysis process will review risk events for their probability and impact on the project objectives.
• D) 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.

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Definitions:

Major Issues

Significant problems or debates that are of widespread concern within a society or political system.

Repayment of Debts

The process of paying back money borrowed from lenders, which can involve regular payments of principal and interest over a specified period.

Foreign Trade

The exchange of goods and services across international borders or territories, influencing a country's economy.

Final Ratification

The formal confirmation or validation of an agreement, treaty, or constitution.