ExpertHard1 markMultiple Choice
PMP · Question 11 · Task 3: Assess and manage risks
A project manager is creating a Risk Management Plan. Which of the following represents the CORRECT sequence of risk processes?
A project manager is creating a Risk Management Plan. Which of the following represents the CORRECT sequence of risk processes?
Answer options:
A.
Identify Risks -> Plan Risk Responses -> Perform Qualitative Analysis -> Monitor Risks
B.
Identify Risks -> Perform Qualitative Analysis -> Perform Quantitative Analysis -> Plan Risk Responses
C.
Plan Risk Management -> Identify Risks -> Plan Risk Responses -> Perform Quantitative Analysis
D.
Identify Risks -> Perform Quantitative Analysis -> Perform Qualitative Analysis -> Plan Risk Responses
How to approach this question
Remember the funnel: Find them (Identify) -> Sort them (Qualitative) -> Measure them (Quantitative) -> Fix them (Response).
Full Answer
B.Identify Risks -> Perform Qualitative Analysis -> Perform Quantitative Analysis -> Plan Risk Responses✓ Correct
Identify Risks -> Perform Qualitative Analysis -> Perform Quantitative Analysis -> Plan Risk Responses
Qualitative analysis is a faster filter to prioritize risks. Quantitative analysis is time-consuming and usually reserved for high-priority risks identified in the Qualitative phase.
Common mistakes
Swapping Qualitative and Quantitative analysis.
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