You work as a project manager for TechSoft Inc. You are working with the project stakeholders on the qualitative risk analysis process in your project. You have used all the tools to the qualitative risk analysis process in your project. Which of the following techniques is NOT used as a tool in qualitative risk analysis process? 

Answer options:

A. Risk Urgency Assessment
B. Risk Reassessment
C. Risk Data Quality Assessment
D. Risk Categorization

B

You will not need the Risk Reassessment technique to perform qualitative risk analysis. It is one of the techniques used to monitor and control risks. Incorrect Answers: A, C, D: The tools and techniques for Qualitative Risk Analysis process are as follows: ✑ Risk Probability and Impact Assessment: Risk probability assessment investigates the chances of a particular risk to occur. ✑ Risk Impact Assessment investigates the possible effects on the project objectives such as cost, quality, schedule, or performance, including positive opportunities and negative threats. ✑ Probability and Impact Matrix: Estimation of risk`s consequence and priority for awareness is conducted by using a look-up table or the probability and impact matrix. This matrix specifies the mixture of probability and impact that directs to rating the risks as low, moderate, or high priority. ✑ Risk Data Quality Assessment: Investigation of quality of risk data is a technique to calculate the degree to which the data about risks are useful for risk management. ✑ Risk Categorization: Risks to the projects can be categorized by sources of risk, the area of project affected and other valuable types to decide the areas of the project most exposed to the effects of uncertainty. ✑ Risk Urgency Assessment: Risks that requires near-term responses are considered more urgent to address. ✑ Expert Judgment: It is required to categorize the probability and impact of each risk to determine its location in the matrix.