Question: 1.Probability and impact analysis is a (1 Point) Quantitative risk analysis Qualitative risk analysis Qualitative and Quantitative risk analysis Non of them 2.A normal risk

1.Probability and impact analysis is a

(1 Point)

Quantitative risk analysis

Qualitative risk analysis

Qualitative and Quantitative risk analysis

Non of them

2.A normal risk threshold may ignore

(1 Point)

Low probability high impact risks

Low impact high probability risks

Medium probability high impact risks

Medium impact high probability risks

3.In addition to probability and impact analysis, what other methods we can use for risk analysis (Choose two best answers)

(1 Point)

Risk Register

Qualitative priority scoring

Risk identification, analysis, and mitigation

Quantitative priority scoring

4.The case "Probability and Impact" discusses about (Select the most appropriate answer)

(1 Point)

Procedure to analyze risk and development of threshold

Develop risk analysis and assessment procedure

Changing risk threshold and assign appropriate risk

Project monitoring and control procedure

5.The Vintel's flagship had an important risk to handle because

(1 Point)

It was very sensitive to project success

It was required to happen and project can fail

It has a huge impact but might be ignored due to low probability

It has high probability and very low potential impact

6.What should Salvador do to address the issue?

(1 Point)

Adjust the risk threshold to include low probability high impact risk as priority

Qualitative assessment because adjusting threshold will include many low value risks

Do not change and keep things as it is

Tell high management about the issue and get advice

7.Probability and impact is used for

(1 Point)

Project evaluation and assessment

Project risk analysis

Project risk mitigation

Project Progress evaluation

8.Risk threshold is used to report risk of ______________ to higher management

(1 Point)

High impact

High severity

High probability

Listed on the threshold

9.Low probability and high impact risk on risk threshold will be ignored by the management due to

(1 Point)

Low probability

Less importance

Low severity

Low impact

10.What scale of threshold was used in this case

(1 Point)

1 to 5

1 to 12

1 to 15

1 to 20

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