Module 6- Qualitative Risk Analysis

Question 1

1. Which of the following is not an input to the perform qualitative risk analysis process?

A. Risk register
B. Organizational process assets
C. Risk management plan
D. Expert judgment

Answer 1

1.	D
PMBOK Guide - The inputs to the perform qualitative risk analysis process include:
-	Risk management plan
-	Scope baseline
-	Risk register
-	Enterprise environmental factors
-	Organizational process assets

Question 2

2. Which of the following is not an input to the perform qualitative risk analysis process?

A. Enterprise environmental factors
B. Scope baseline
C. Project scope statement
D. Risk management plan

Answer 2

2.	C
PMBOK Guide - The inputs to the perform qualitative risk analysis process include:
-	Risk management plan
-	Scope baseline
-	Risk register
-	Enterprise environmental factors
-	Organizational process assets

Question 3

3. Which of the following is an input to the perform qualitative risk analysis process?

A. Scope baseline
B. Project scope statement
C. Cost management plan
D. Schedule management plan

Answer 3

3.	A
PMBOK Guide - The inputs to the perform qualitative risk analysis process include:
-	Risk management plan
-	Scope baseline
-	Risk register
-	Enterprise environmental factors
-	Organizational process assets

Question 4

4. Which of the following is not a tool or technique used in the perform qualitative risk analysis process?

A. Risk data quality assessment
B. Risk urgency assessment
C. Assumption analysis
D. Probability and impact matrix

Answer 4

4.	C
PMBOK Guide - The tools and techniques used in the perform qualitative risk analysis include:
-	Risk probability and impact assessment
-	Probability and impact matrix
-	Risk data quality assessment
-	Risk categorization
-	Risk urgency assessment
-	Expert judgment

Question 5

5. Which of the following is not a tool or technique used in the perform qualitative risk analysis process?

A. Project documents
B. Risk categorization
C. Risk urgency assessment
D. Expert judgment

Answer 5

5.	A
PMBOK Guide - The tools and techniques used in the perform qualitative risk analysis include:
-	Risk probability and impact assessment
-	Probability and impact matrix
-	Risk data quality assessment
-	Risk categorization
-	Risk urgency assessment
-	Expert judgment

Question 6

6. Which of the following is a tool or technique used in the perform qualitative risk analysis process?

A. Risk response analysis
B. SWOT analysis
C. Empirical data analysis
D. Risk categorization

Answer 6

6.	D
PMBOK Guide - The tools and techniques used in the perform qualitative risk analysis include:
-	Risk probability and impact assessment
-	Probability and impact matrix
-	Risk data quality assessment
-	Risk categorization
-	Risk urgency assessment
-	Expert judgment

Question 7

7. Which of the following is an output from the perform qualitative risk analysis process?

A. Project document update
B. Organizational process asset updates
C. Project document updates
D. Project management plan updates

Answer 7

7. C

PMBOK Guide- The output from the perform qualitative risk analysis process is project document updates.

Question 8

8. You have been tasked with evaluating the risks on a large project. After several weeks working on the effort you are finding it very difficult to evaluate the exact cost impacts of the risks you are analyzing. Based on this situation, you should evaluate the risks on a:

A. Statistical basis
B. Qualitative basis
C. Quantitative basis
D. Mathematical basis

Answer 8

8. B
   The question tells you that you cannot find the exact impacts. This excludes statistical, quantitative and mathematical basis of measure. You are left with qualitative, such as high, medium and low.

Question 9

9. You are the project manager on a large IT project. You have assembled your team, identified the major risks on the project, determined what would trigger those risks, rated the risks on a rating matrix, tested the major risk assumptions, and assessed the quality of the data used. The team is continuing to move through the risk management process. What have you forgotten to do?

A. Involve other stakeholders
B. Use a Monte Carlo simulation
C. Mitigate the risks
D. The overall risk ranking for the project

Answer 9

9. A
   There is nothing wrong with this process. It simply needs to be continued. The best answer in this case is to involve other stakeholders.

Question 10

10. You have worked with different stakeholders to determine the probability and impact of a project’s risks. You have also analyzed the assumptions. Before you move on to the next step in the risk management process, what do you need to do?

A. Identify and evaluate triggers
B. Develop your risk rating matrix
C. Evaluate the trends in risk analysis
D. Create a contingency plan

Answer 10

10. B

Before you can move on to the next step in the process, you need a definition for how you will be rating the risks.