CAPM (Certified Associate in Project Management) Practice Exam

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Which one is a tool or technique of perform qualitative risk analysis?

  1. Risk appetite and risk responses

  2. Risk probability and impact assessment

  3. List of potential responses

  4. Risk management plan

The correct answer is: Risk probability and impact assessment

Risk probability and impact assessment is a tool used in perform qualitative risk analysis. This technique helps in evaluating the probability of each risk's occurrence and its potential impact on the project objectives. By assessing these two factors, project managers can prioritize risks based on their potential severity and likelihood of occurrence, which is essential for developing an effective risk management plan. Options A, C, and D are not tools specifically used in perform qualitative risk analysis. Risk appetite and risk responses (Option A) are related to risk management strategies, the list of potential responses (Option C) may be a component of risk response planning, and the risk management plan (Option D) outlines how risks will be identified, analyzed, and managed throughout the project but is not a direct tool or technique for perform qualitative risk analysis.

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