You are the project manager for GHT project.
You need to perform the Qualitative risk analysis process.
When you have completed this process, you will produce all of the following as part of the risk register update output except which one?
Click on the arrows to vote for the correct answer
A. B. C. D.A.
Probability of achieving time and cost estimates is an update that is produced from the Quantitative risk analysis process.
In Qualitative risk analysis probability of occurrence of a specific risk is identified but not of achieving time and cost estimates.
The Qualitative Risk Analysis process is a risk management process that involves the analysis of risks based on their probability of occurrence and potential impact on the project objectives. The process uses qualitative techniques such as risk probability and impact assessment, risk data quality assessment, and risk categorization to analyze identified risks. The output of this process is an updated risk register, which contains information about the identified risks, their probability of occurrence, potential impact, and priority.
The question asks which of the following items will not be produced as part of the risk register update output. Let's examine each option in turn:
A. Probability of achieving time and cost estimates: This is a common output of qualitative risk analysis. The probability of achieving time and cost estimates can be determined by analyzing the identified risks and their potential impact on the project schedule and budget.
B. Priority list of risks: This is a common output of qualitative risk analysis. The priority list of risks is typically determined by assessing the probability and impact of each risk and prioritizing them based on their potential impact on project objectives.
C. Watch list of low-priority risks: This is also a common output of qualitative risk analysis. Low-priority risks that are not currently significant but may become more significant later in the project are placed on a watch list so that they can be monitored and re-evaluated if necessary.
D. Risks grouped by categories: This is also a common output of qualitative risk analysis. Risks can be grouped into categories such as technical, organizational, or external risks to help in their management.
Based on the above analysis, it can be concluded that all of the items listed are typically produced as part of the risk register update output. Therefore, the answer to the question is None (E), as all of the options given are outputs of qualitative risk analysis.