Question

Your project management team has recently completed a brainstorming session and identified 50 project risks. You plan to use qualitative risk analysis to assess the risks your team has identified. Your team has come up with several ways to go about this. Which one of these ideas would NOT be applicable during the qualitative risk analysis phase?

a Surveying employees to gather opinions about the probabilities of identified risk events occuring during the project
b Conducting a department manager meeting to assess the impacts the risk events may have on key areas of the project.
c Compiling raw data from several departments in order to develop a statistical model used to mathematicaily predict overall project risk exposure.
d Developing and constructing a nominal ordinal rating system to assess risk event probability and impact scores

Answer 1

In the qualitative risk analysis phase, compiling raw data to develop a statistical model is not applicable.

Step-by-step explanation:

During the qualitative risk analysis phase, one idea that would NOT be applicable is c) Compiling raw data from several departments in order to develop a statistical model used to mathematically predict overall project risk exposure.