thinQmaster Virtual testing partner Adaptive practice exams that find your weak spots and drill them. Every answer explained. From $69
Enroll

thinQmaster

Find your exam

Five questions free, before you decide.

Step 1 · choose a vendor

In one of our camps? Your practice exams come with the tuition — they are on your study page already.

Project Management & Agile · Foundational

Perform Qualitative Risk Analysis

Process of prioritizing individual project risks by assessing their probability of occurrence and impact.

Definition

It uses a probability and impact matrix, risk data quality assessment, and other characteristics such as urgency, proximity, and manageability. It is fast and cost-effective and is performed on all identified risks.

Example

Risks are rated High/Medium/Low on a 5x5 matrix and the top ten are flagged for response planning.

Exam tip

Qualitative comes before quantitative; quantitative is optional and used on high-priority risks or overall risk.

Related terms