PMI-RMP Certification Training - Perform Qualitative Risk Analysis

The video tutorial provides guidelines for conducting qualitative risk analysis in project management. It covers evaluating the probability and impact of risks, calculating risk scores, and using a probability and impact matrix. The tutorial also discusses categorizing risks, assessing urgency, and managing resources. It emphasizes the importance of reevaluating risks and documenting changes in the project risk register. The process overview includes selecting risk characteristics, analyzing data, and categorizing risk causes.

What is the first step in the qualitative risk analysis process?

• Calculating a risk score

• Evaluating the probability and impact of risks

• Assigning risk categories

• Identifying risks from the project risk register

How can a risk score be calculated in qualitative risk analysis?

• By reevaluating risks

• By using a risk urgency assessment

• By multiplying probability and impact values

• By assigning risk categories

What are lower priority risks in the risk register known as?

• Urgent risks

• Watchlist risks

• High-priority risks

• Delayed risks

Why is it important to reevaluate risks throughout the project?

• To ensure all risks are high priority

• To document all risks in the project risk register

• To adjust risk responses as priorities change

• To remove low-priority risks

What is the focus of the qualitative risk analysis process?

• To create a list of risks for further analysis

• To document risk responses

• To perform quantitative risk analysis

• To assign risk categories