Evaluating the seriousness of the risk and the likelihood it will affect the project.
A) Risk monitoring and control
B) Risk identification
C) Qualitative risk analysis
D) Quantitative risk analysis
E) Risk response planning

Question

Quizplus · Accepted Answer

Qualitative risk analysis involves assessing the impact and likelihood of identified risks to prioritize their significance and determine the necessity of further action, such as quantitative analysis or direct mitigation strategies.

Evaluating the Seriousness of the Risk and the Likelihood It