David Is the Project Manager of HGF Project for His

question 274

Multiple Choice

David is the project manager of HGF project for his company. David, the project team, and several key stakeholders have completed risk identification and are ready to move into qualitative risk analysis. Tracy, a project team member, does not understand why they need to complete qualitative risk analysis. Which one of the following is the best explanation for completing qualitative risk analysis?

• A) It is a rapid and cost-effective means of establishing priorities for the plan risk responses and lays the foundation for quantitative analysis.
• B) It is a cost-effective means of establishing probability and impact for the project risks.
• C) Qualitative risk analysis helps segment the project risks, create a risk breakdown structure, and create fast and accurate risk responses.
• D) All risks must pass through quantitative risk analysis before qualitative risk analysis.

---

Definitions:

Habitat

The natural environment in which a particular species of plant or animal lives, characterized by both physical and biological features.

Lithosphere

The rigid outer layer of the Earth, composed of the crust and the upper part of the mantle.

Earth's Crust

The outermost layer of the Earth, comprising a thin layer of rocks and minerals that houses the planet's oceans and continents.

Upper Mantle

The region of the Earth's mantle that lies just beneath the crust and extends to deeper mantle layers, involved in tectonic movements.