The process of prioritizing risks for further analysis or action is known as:

The process of prioritizing risks for further analysis or action is known as:
A . Plan Risk Management.
B . Plan Risk Responses.
C . Perform Qualitative Risk Analysis.
D . Perform Quantitative Risk Analysis.

View Answer

Answer: C

Explanation:

Process: 11.3 Perform Qualitative Risk Analysis

Definition: The process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact.

Key Benefit: The key benefit of this process is that it enables project managers to reduce the level of uncertainty and to focus on high-priority risks.

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