Which of the following is the process of analyzing the areas of a project that are most affected by risk?
Correct Answer: D
Explanation
Risk analysis is the process of analyzing the areas of a project that are most affected by risk. It involves estimating the probability and impact of each identified risk, as well as assessing the quality and reliability of the available data. Risk analysis helps to prioritize the risks based on their severity and potential effect on the project objectives and deliverables. Risk analysis also helps to identify the root causes and triggers of the risks, as well as the interrelationships and dependencies among the risks. Risk analysis is the second step of risk management, which also includes risk identification, risk response, and risk monitoring and control. References: [IIBA BABOK Guide v3], section 11.2.2, page 387; CBAP / CCBA Certified Business Analysis Study Guide, chapter 5, page 231; CBAP Sample Questions, question 234.