Perform Qualitative Risk Analysis by Sean Whitaker

About the Lecture

The lecture Perform Qualitative Risk Analysis by Sean Whitaker is from the course Archiv - PMP Training – Become a Project Management Professional (EN). It contains the following chapters:

Perform Qualitative Risk Analysis
Key themes
Qualitative Probability and Impact Assessment
Summary

Included Quiz Questions

Which identified risks will you perform qualitative risks analysis upon?

All risks in the project should be assessed and analyzed qualitatively.
Only risks that will impact the project budget or schedule should be analyzed qualitatively.
Only risks that the project sponsor indicates should be assessed qualitatively.
All risks, except low level risks, should be assessed qualitatively.

Which of the following is not a tool or technique you would use when performing qualitative risk assessment?

Risk identification and documentation.
Risk probability and impact assessment.
Risk categorization.
Risk data quality assessment.

What is the best description of the difference between qualitative and quantitative risk analysis?

Qualitative risk analysis is done on all risks and contains a subjective assessment of risk probability and impact while quantitative risk analysis uses more objective data about cost and time impact and is generally done on higher priority risk only.
Quantitative risk analysis is done on all risks and contains a subjective assessment of risk probability and impact while qualitative risk analysis uses more objective data about cost and time impact and is generally done on higher priority risk only.
Qualitative risk analysis is performed by the project team while quantitative risk analysis is carried out by the project sponsor and client.
Qualitative risk analysis in only done on lower level risks while quantitative risk analysis is done on more complex risks.