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PRINCE2 Exam PRINCE2-7-Foundation Topic 5 Question 19 Discussion

Actual exam question for PRINCE2's PRINCE2-7-Foundation exam

Question #: 19
Topic #: 5

[All PRINCE2-7-Foundation Questions]

What does qualitative analysis of a risk assess, as a minimum?

AHow soon each risk might occur

BThe fallback plan for each risk

CThe likelihood and the effect of each risk on objectives

DThe speed with which the effect of each risk will be felt

Show Suggested Answer

Suggested Answer: C

Qualitative analysis of a risk in PRINCE2 assesses, at a minimum, the likelihood of each risk occurring and its potential impact on project objectives. This analysis helps in prioritizing risks based on their severity and likelihood, which is crucial for effective risk management and decision-making about risk responses. Reference: (PRINCE2 7 Foundation Handbook, AXELOS)

by Larue at Nov 16, 2024, 05:15 PM

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Tiera

1 months ago

Haha, A and D sound like they're trying to sneak in some project management jargon. C is the clear winner here.

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Mee

1 months ago

C is the way to go. Fallback plans and timing are important, but the core of qualitative risk analysis is understanding the risks themselves.

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Brandon

1 months ago

Whoa, D is a bit too specific. I'd go with C - it covers the basics of what a qualitative risk assessment should include.

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Sanjuana

18 days ago

I think B is also crucial to have in place as a backup plan for each risk.

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Ryann

21 days ago

I agree, C is definitely important to consider in a risk assessment.

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Sarina

2 months ago

Definitely C. Identifying the likelihood and effect of risks is the bare minimum for any decent risk analysis.

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Winifred

14 days ago

Knowing the likelihood and effect of risks helps prioritize which ones to address first.

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Therese

15 days ago

C is definitely crucial for making informed decisions about risk management.

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Joye

24 days ago

Without knowing the likelihood and effect of risks, it's hard to plan for them.

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Dona

1 months ago

I agree, C is essential for understanding the impact of risks.

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Krystina

2 months ago

I believe the qualitative analysis also looks at how soon each risk might occur.

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Rima

2 months ago

I agree with Antonio, it's important to understand how each risk can impact our objectives.

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Tarra

2 months ago

The correct answer is C. Qualitative risk analysis should assess the likelihood and impact of each risk on the project objectives.

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Devora

26 days ago

D) The speed with which the effect of each risk will be felt

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Winfred

28 days ago

C) The likelihood and the effect of each risk on objectives

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Dierdre

1 months ago

B) The fallback plan for each risk

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Joni

2 months ago

A) How soon each risk might occur

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Antonio

2 months ago

I think the qualitative analysis assesses the likelihood and effect of each risk on objectives.

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