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Prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact is known as:

  1. A) Quantitative Risk Analysis
    B) Sensitivity Analysis
    C) Qualitative Risk Analysis
    D) Design of Experiments

This week’s correct answer is:  

C

“Perform Qualitative Risk Analysis is the process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact. The key benefit of this process is that it enables project managers to reduce the level of uncertainty and to focus on high-priority risks.”

 

A Guide to the Project Management Body of Knowledge, (PMBOK® Guide)– Sixth Edition, Project Management Institute, Inc., 2017 (page 419)

If you answered correctly, you will automatically receive one entry into our monthly drawing for a $100 Amazon Gift Card.