Question

Perform Qualitative Risk Analysis is the process of adhering to the risk response plan of tracking identified risks, identifying new risks, monitoring residual risks, and evaluating the effectiveness of the risk response process throughout the project. True False

Answer 1

Perform Qualitative Risk Analysis is the process of adhering to the risk response plan of tracking identified risks, identifying new risks, monitoring residual risks, and evaluating the effectiveness of the risk response process throughout the project is TRUE.

Explanation:

Risk analysis is a sequence of processes aimed to manage risk effectively in a project. It includes proper risk management, analysis, identification and controlling risks on a project. It is a control of possible future events that may turn into negative events or as it is called risk for the overall project.

Qualitative risk analysis is a pro-active step towards acting beforehand. The steps include: Risk identification, risk qualification, risk response, and risk monitoring and controlling. The process involves evaluating the effectiveness of the risk responses throughout the project.