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Question 90/273

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. Qualitative risk analysis helps segment the project risks, create a risk breakdown structure, and create fast and accurate risk responses.

B. All risks must pass through quantitative risk analysis before qualitative risk analysis.

C. It is a rapid and cost-effective means of establishing priorities for the plan risk responses and lays the foundation for quantitative analysis.

D. It is a cost-effective means of establishing probability and impact for the project risks.

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