CompTIA Project+ (PK0-004) — Question 481

A project team is assessing individual project risks by evaluating the probability for each one to occur, as well as the potential impact to project objectives using low, medium, and high values. The process the project team is using is known as:

Answer options

Correct answer: B

Explanation

The correct answer is B, qualitative risk analysis, which involves assessing risks based on their probability and impact using descriptive categories. Option A, risk response planning, refers to developing strategies to manage risks rather than assessing them. Option C, quantitative risk analysis, involves numerical assessment of risks, while option D, risk mitigation planning, focuses on strategies to reduce risks rather than analyzing them.