Qualitative risk analysis is the process of prioritizing, Operation Management

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Qualitative risk analysis is the process of prioritizing

1. In which risk response strategy is the impact or probability of the risk reduced for a negative risk and increased for a positive risk?

Transference and sharing

Exploitation and avoidance

Acceptance and avoidance

Mitigation and enhancement

2. You have completed all design drawings and have a complete scope for your project. You need to hire a contractor to build the product to your designs. Which type of contract would be best in this situation?

FPEPA

T&M

CPIF

3. Qualitative risk analysis is the process of prioritizing risks for further analysis or action. What are the factors used to complete this process?

Threats and Opportunities

Expert Judgment and Urgency Assessment

Impact and Probability

Modeling and Simulation

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