PMI-RMP Qualitative Risk Analysis 3

Question 1

Why is qualitative risk analysis typically performed before quantitative risk analysis?

Accepted Answer

It quickly screens and prioritizes risks for deeper analysis

Answer

Qualitative analysis is a fast, low-cost screen that prioritizes which risks warrant detailed quantitative analysis.

Question 2

A probability and impact matrix uses color-coded zones. What does the red zone typically represent?

Accepted Answer

High-priority risks needing attention

Answer

Red zones in a P-I matrix indicate high-priority risks requiring prompt management attention.

Question 3

Which document defines the scoring scales and matrix thresholds used during qualitative analysis?

Accepted Answer

Risk management plan

Answer

The risk management plan establishes probability and impact definitions and the matrix configuration.

Question 4

A risk is assessed as both an opportunity and a threat depending on outcome. How should qualitative analysis handle it?

Accepted Answer

Assess probability and impact for the relevant effect type

Answer

Qualitative analysis assesses probability and impact for both threats and opportunities using appropriate scales.

Question 5

Hierarchical charts like bubble charts can display risks using how many dimensions in qualitative-related representation?

Accepted Answer

Three dimensions

Answer

Bubble charts plot three parameters, such as detectability, proximity, and impact value, in a single view.

PMI-RMP Practice Test