QuestionQ330

Secure Software Concepts

You are the project manager for your organization and are preparing to conduct quantitative risk analysis. Mark, a project team member, asks why quantitative risk analysis is necessary when qualitative risk analysis was just completed. Which of the following statements best defines quantitative risk analysis?

  • A Quantitative risk analysis is the process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact.
  • B Quantitative risk analysis is the review of the risk events with the high probability and the highest impact on the project objectives.
  • C Quantitative risk analysis is the planning and quantification of risk responses based on probability and impact of each risk event.
  • D Quantitative risk analysis is the process of numerically analyzing the effect of identified risks on overall project objectives.
Explanation

Quantitative risk analysis uses numerical methods to estimate risk effects and model the combined effect of identified risks on overall project objectives. This distinguishes it from qualitative analysis, which prioritizes risks by probability and impact, and from planning risk responses.

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