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Hello everyone! Here is this week's free PMP exam sample question from the PM Exam Simulator.
You have just completed the Perform Qualitative Risk Analysis process for your project. You think at least 20% of the risks that you have analyzed may create 80% of the project problems. You believe that the activity you just completed has not given you enough detailed information regarding this 20% of the risks and you have selected them for further analysis. What should you do next?
A. Perform Quantitative Risk Analysis for all of the project risks
B. Perform Quantitative Risk Analysis for the selected risks only
C. Perform Qualitative Risk Analysis again
D. Ask your sponsor to guide you
HINT: You should proceed to the Perform Quantitative Risk Analysis process.
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Answer and Explanation:
The correct answer is B.
Perform Quantitative Risk Analysis is the process of numerically analyzing the effect of identified risks on overall project objectives. Perform Quantitative Risk Analysis is performed on the selected risks that have been prioritized by the Perform Qualitative Risk Analysis process as potentially and substantially impacting the project's competing demands.
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