Which of the following is NOT an accomplishment of the qualitative risk analysis process?

Which of the following is NOT an accomplishment of the qualitative risk analysis process?

• A. Cost of the risk impact if the risk event occurs
• B. Corresponding impact on project objectives
• C. Time frame for a risk response
• D. Prioritization of identified risk events based on probability and impact

Answer: (A)

The qualitative risk analysis process is designed to evaluate and prioritize risks based on their potential impact and likelihood of occurrence, without delving into specific numerical values or costs. Therefore, it primarily focuses on understanding how risks might affect project objectives and how to prioritize them according to their significance, which directly relates to options that discuss project objectives, time frames for risk responses, and the prioritization of risks. The option referring to the "cost of the risk impact if the risk event occurs" is typically considered outside the primary focus of qualitative risk analysis. This aspect aligns more closely with quantitative risk analysis, which assesses risks through numerical estimates and monetary impacts. In qualitative analysis, the emphasis is on categorizing and describing risks rather than quantifying them in financial terms. Thus, this option stands apart from the accomplishments typically seen in qualitative risk analysis.

The qualitative risk analysis process is designed to evaluate and prioritize risks based on their potential impact and likelihood of occurrence, without delving into specific numerical values or costs. Therefore, it primarily focuses on understanding how risks might affect project objectives and how to prioritize them according to their significance, which directly relates to options that discuss project objectives, time frames for risk responses, and the prioritization of risks.

The option referring to the "cost of the risk impact if the risk event occurs" is typically considered outside the primary focus of qualitative risk analysis. This aspect aligns more closely with quantitative risk analysis, which assesses risks through numerical estimates and monetary impacts. In qualitative analysis, the emphasis is on categorizing and describing risks rather than quantifying them in financial terms. Thus, this option stands apart from the accomplishments typically seen in qualitative risk analysis.