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You are the project manager of the CUL project in your organization. You and the project team are assessing the risk events and creating a probability and impact matrix for the identified risks. Which one of the following statements best describes the requirements for the data type used in qualitative risk analysis?
A qualitative risk analysis requires fast and simple data to complete the analysis.
A qualitative risk analysis required unbiased stakeholders with biased risk tolerances.
A qualitative risk analysis encourages biased data to reveal risk tolerances.
A qualitative risk analysis requires accurate and unbiased data if it is to be credible.
Of all the choices only this answer is accurate. The PMBOK clearly states that the data must be accurate and unbiased to be credible. Answer: D is incorrect. This is not a valid statement about the qualitative risk analysis data. Answer: A is incorrect. This is not a valid statement about the qualitative risk analysis data. Answer: B is incorrect. This is not a valid statement about the qualitative risk analysis data.
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