9C - Perform Qualitative Risk Analysis Flashcards
The process of determining the probability of occurrence and the impact of identified risks by using logical reasoning when numeric data is not readily available.
qualitative risk analysis
The evaluation of the usefulness of the available data concerning the risk.
risk data quality assessment
A risk assessment technique that is used to evaluate the likelihood of occurrence and potential impact of the identified project risks.
risk probability and impact assessment
The likelihood that a risk event will occur or prove true. In risk analysis, each risk is assigned a value to represent its probability or degree of uncertainty.
risk probability
The likely effect on project objectives if the risk event occurs. In risk analysis, each risk is assigned a value representing the likely consequences of the risk event occurring.
risk impact
The assignment of risk rating to risks or conditions.
probability and impact risk rating matrix
Risks that require immediate attention.
urgent risks
The evaluation of project risks and prioritizing them based on their urgency.
risk urgency assessment
An iterative process of identifying, analyzing, and documenting the risks facing your project; it is conducted throughout the project life cycle.
ongoing risk assessment
