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Which of the following is NOT a tool or technique of Qualitative Risk Analysis?

A. Probability and impact matrix B. Risk urgency assessment C. Risk categorization D. Expected monetary value analysis

Risk Management Project Management
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Question added by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.
Date Posted: 2018/06/06
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Zameer Bilagi
by Zameer Bilagi , Assistant Vice President , HSBC

Expected monetary value analysis

Muhammad Farooq
by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.

Answer: DExplanation: Qualitative Risk Analysis is all about figuring out prioritizing each risk, and figuring out its probability and impact. It's an important part of risk planning. But it's not about coming up with specific numbers! That's what Quantitative Risk Analysis is for - and EMV analysis is part of Quantitative (not Qualitative) analysis, because it's where you assign numeric values to risks.

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