PMI-RMP Qualitative Risk Analysis 2

Question 1

A project manager assigns each identified risk a probability score of 1-5 and an impact score of 1-5, then multiplies them. What technique is being used?

Accepted Answer

Probability and impact matrix

Answer

Multiplying probability and impact scores to prioritize risks is the core of the probability and impact matrix used in qualitative analysis.

Question 2

During qualitative risk analysis, a risk's probability could not be reliably estimated because the data source was unverified. What should the team assess?

Accepted Answer

The quality of the risk data

Answer

Data quality assessment evaluates the accuracy and reliability of data used to analyze risks qualitatively.

Question 3

Which output is primarily updated as a result of performing qualitative risk analysis?

Accepted Answer

Risk register

Answer

Qualitative analysis updates the risk register with priority rankings, categorization, and watchlist items.

Question 4

A team groups risks by their root causes to determine which areas of the project are most exposed. What is this called?

Accepted Answer

Risk categorization

Answer

Risk categorization groups risks by sources, affected areas, or causes to reveal concentrations of exposure.

Question 5

Risks requiring near-term responses are flagged as more important during analysis. Which factor drives this prioritization?

Accepted Answer

Risk urgency

Answer

Risk urgency assessment prioritizes risks that need a response soon, often combined with the probability-impact rating.

PMI-RMP Practice Test

PMI-RMP Practice Test

PMI-RMP Qualitative Risk Analysis 2