Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25

- Free Preparation Discussions

PRINCE2-7-Foundation Exam - Topic 5 Question 19 Discussion

Actual exam question for PRINCE2's PRINCE2-7-Foundation exam

Question #: 19
Topic #: 5

[All PRINCE2-7-Foundation Questions]

What does qualitative analysis of a risk assess, as a minimum?

AHow soon each risk might occur

BThe fallback plan for each risk

CThe likelihood and the effect of each risk on objectives

DThe speed with which the effect of each risk will be felt

Show Suggested Answer

Suggested Answer: C

Qualitative analysis of a risk in PRINCE2 assesses, at a minimum, the likelihood of each risk occurring and its potential impact on project objectives. This analysis helps in prioritizing risks based on their severity and likelihood, which is crucial for effective risk management and decision-making about risk responses. Reference: (PRINCE2 7 Foundation Handbook, AXELOS)

by Larue at Nov 16, 2024, 05:15 PM

Limited Time Offer

25%

Off

Get Premium PRINCE2-7-Foundation Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Mel

6 months ago

B sounds interesting, but is it really a minimum requirement?

upvoted 0 times

...

Ronny

7 months ago

Totally agree with C! It covers the essentials.

upvoted 0 times

...

Tiera

7 months ago

Wait, how can you predict the likelihood accurately?

upvoted 0 times

...

Bev

7 months ago

I think A is important too, though.

upvoted 0 times

...

Jolene

7 months ago

C is definitely a must!

upvoted 0 times

...

Mitsue

8 months ago

I’m a bit confused about how soon risks might occur. Is that really a part of qualitative analysis?

upvoted 0 times

...

Jaclyn

8 months ago

I feel like we practiced a question similar to this, and it emphasized understanding the effects of risks on objectives.

upvoted 0 times

...

Sherita

8 months ago

I remember discussing fallback plans in class, but I’m not sure if that’s part of qualitative analysis.

upvoted 0 times

...

Xuan

8 months ago

I think qualitative analysis focuses on the likelihood and impact of risks, so I’m leaning towards option C.

upvoted 0 times

...

Janey

8 months ago

Wait, I'm a bit confused. Is the question asking about the minimum requirements for qualitative risk analysis, or is it asking about something else? I want to make sure I understand this properly before I answer.

upvoted 0 times

...

Becky

8 months ago

Okay, I've got this. Qualitative risk analysis is all about assessing the likelihood and potential impact of risks, not just how soon they might occur or the fallback plans. I'm feeling good about selecting the right answer here.

upvoted 0 times

...

Margarita

8 months ago

Hmm, I'm not totally sure about this. I know qualitative risk analysis looks at the likelihood and impact of risks, but I'm not 100% sure if that's the minimum requirement. I'll have to think this through carefully.

upvoted 0 times

...

Gladys

8 months ago

This looks like a pretty straightforward question about risk analysis. I'm pretty confident I can handle this one.

upvoted 0 times

...

Tiera

1 year ago

Haha, A and D sound like they're trying to sneak in some project management jargon. C is the clear winner here.

upvoted 0 times

...

Mee

1 year ago

C is the way to go. Fallback plans and timing are important, but the core of qualitative risk analysis is understanding the risks themselves.

upvoted 0 times

...

Brandon

2 years ago

Whoa, D is a bit too specific. I'd go with C - it covers the basics of what a qualitative risk assessment should include.

upvoted 0 times

Sanjuana

1 year ago

I think B is also crucial to have in place as a backup plan for each risk.

upvoted 0 times

...

Ryann

1 year ago

I agree, C is definitely important to consider in a risk assessment.

upvoted 0 times

...

...

Sarina

2 years ago

Definitely C. Identifying the likelihood and effect of risks is the bare minimum for any decent risk analysis.

upvoted 0 times

Winifred

1 year ago

Knowing the likelihood and effect of risks helps prioritize which ones to address first.

upvoted 0 times

...

Therese

1 year ago

C is definitely crucial for making informed decisions about risk management.

upvoted 0 times

...

Joye

1 year ago

Without knowing the likelihood and effect of risks, it's hard to plan for them.

upvoted 0 times

...

Dona

1 year ago

I agree, C is essential for understanding the impact of risks.

upvoted 0 times

...

...

Krystina

2 years ago

I believe the qualitative analysis also looks at how soon each risk might occur.

upvoted 0 times

...

Rima

2 years ago

I agree with Antonio, it's important to understand how each risk can impact our objectives.

upvoted 0 times

...

Tarra

2 years ago

The correct answer is C. Qualitative risk analysis should assess the likelihood and impact of each risk on the project objectives.

upvoted 0 times

Devora

1 year ago

D) The speed with which the effect of each risk will be felt

upvoted 0 times

...

Winfred

1 year ago

C) The likelihood and the effect of each risk on objectives

upvoted 0 times

...

Dierdre

2 years ago

B) The fallback plan for each risk

upvoted 0 times

...

Joni

2 years ago

A) How soon each risk might occur

upvoted 0 times

...

...

Antonio

2 years ago

I think the qualitative analysis assesses the likelihood and effect of each risk on objectives.

upvoted 0 times

...