A project manager is creating a Risk Management Plan. Which of the following represents the CORRECT sequence of risk processes?

Answer options:

Identify Risks -> Plan Risk Responses -> Perform Qualitative Analysis -> Monitor Risks

Identify Risks -> Perform Qualitative Analysis -> Perform Quantitative Analysis -> Plan Risk Responses

Plan Risk Management -> Identify Risks -> Plan Risk Responses -> Perform Quantitative Analysis

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

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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