Discuss PMI PMI-RMP Exam Topic 2 Question 13

David is the project manager of HGF project for his company. David, the project team, and several key stakeholders have completed risk identification and are ready to move into qualitative risk analysis. Tracy, a project team member, does not understand why they need to complete qualitative risk analysis. Which one of the following is the best explanation for completing qualitative risk analysis ?

AIt is a cost-effective means of establishing probability and impact for the project risks.

BQualitative risk analysis helps segment the project risks, create a risk breakdown structure, and create fast and accurate risk responses.

CAll risks must pass through quantitative risk analysis before qualitative risk analysis.

DIt is a rapid and cost-effective means of establishing priorities for the plan risk responses and lays the foundation for quantitative analysis.

Suggested Answer: D

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13 comments · newest first

Leota 1 year ago

I get it now, it really helps in managing risks better.

Tiera 1 year ago

It's all about cost-effectiveness and quick prioritization!

Lauryn 1 year ago

Wait, why do we need this before quantitative analysis? Seems backwards.

Mattie 1 year ago

Totally agree, it sets the stage for deeper analysis!

Felicidad 1 year ago

Qualitative risk analysis helps prioritize risks effectively.

Delsie 1 year ago

I feel like option B could be relevant too since it talks about segmenting risks and creating a structure, but I’m leaning towards D for the priority aspect.

Malcom 1 year ago

I’m a bit confused about the difference between qualitative and quantitative analysis. I thought all risks had to go through quantitative first, but that might not be right.

Renea 1 year ago

I think option D sounds familiar because it mentions establishing priorities for risk responses, which is something we practiced in our mock exams.

Kattie 1 year ago

I remember that qualitative risk analysis is about prioritizing risks based on their impact and likelihood, but I'm not sure which option best explains its purpose.

Bong 1 year ago

Okay, I've got an idea. I'll try to break down the key parts of the question and see if I can figure it out.

Valentin 1 year ago

This is a tricky one. I'm not super familiar with the differences between the Subscriber, Individual, and Contact objects. I'll need to do a quick refresh on those before deciding which one to recommend.

Stephaine 1 year ago

Hmm, I'm a bit unsure about this one. I need to make sure I understand the key aspects of requirements gathering for this delivery scheduling system.

Wendell 1 year ago

This seems like a straightforward question about the increased use of color printing in business. I'll need to carefully consider the options and choose the two that best explain the trend.

PMI-RMP Exam - Topic 2 Question 13 Discussion