Qualitative Risk Analysis Output

Qualitative Risk Analysis Output

Question

Which one of the following is the only output for the qualitative risk analysis process?

Answers

Explanations

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A. B. C. D.

B.

The qualitative risk analysis process is a risk assessment technique that assesses the probability and impact of identified risks. This technique involves prioritizing risks based on their probability and potential impact, using a scoring system or risk matrix. The output of this process helps to identify the most significant risks that require further analysis and risk response planning.

Out of the given options, the only output for the qualitative risk analysis process is the updates to the risk register. The risk register is a document that captures all the identified risks, their probability, impact, and prioritization. It also includes the risk response strategies, risk owners, and risk management activities.

The updates to the risk register resulting from the qualitative risk analysis process include the risk ratings and prioritization, which are determined based on the likelihood and potential impact of the risks. These updates also include any additional information about the risks, such as their root causes, potential triggers, and the likelihood of occurrence.

The other options listed are not outputs of the qualitative risk analysis process.

  • The project management plan (Option A) is a comprehensive document that outlines how the project will be executed, monitored, and controlled. It includes information about project scope, schedule, budget, resources, and risk management plan, among others. While the risk management plan is a component of the project management plan, the project management plan is not an output of the qualitative risk analysis process.

  • Enterprise environmental factors (Option C) and organizational process assets (Option D) are inputs to the risk management process. Enterprise environmental factors refer to external factors that may influence the project's success, such as market conditions, legal and regulatory requirements, and industry standards. Organizational process assets refer to internal processes, policies, procedures, and knowledge that the organization has accumulated over time. Neither of these options is an output of the qualitative risk analysis process.

In summary, the correct answer is B. Risk register updates.