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Exam CSSLP topic 2 question 58 discussion

Actual exam question from ISC's CSSLP
Question #: 58
Topic #: 2
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Fred is the project manager of the CPS project. He is working with his project team to prioritize the identified risks within the CPS project. He and the team are prioritizing risks for further analysis or action by assessing and combining the risks probability of occurrence and impact. What process is Fred completing?

  • A. Risk identification
  • B. Risk Breakdown Structure creation
  • C. Perform qualitative analysis
  • D. Perform quantitative analysis
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Suggested Answer: and cost-effective means of establishing priorities for Plan Risk Responses. It also lays the foundation for Perform Quantitative Risk Analysis. Answer: A is 🗳️
Qualitative ranks the probability and impact and then helps the project manager and team to determine which risks need further analysis. Perform
Qualitative Risk Analysis is the process of prioritizing risks for further analysis and action. It combines risks and their probability of occurrences and ranks them accordingly. It enables organizations to improve the project's performance by focusing on high-priority risks. Perform Qualitative Risk Analysis is usually a rapid complete in a risk breakdown structure. analysis.

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74gjd_37
5 months, 2 weeks ago
Selected Answer: C
The process of performing qualitative risk analysis involves the assessment and prioritization of risks based on their probability of occurrence, potential impact, and other important factors such as urgency or complexity. This process typically includes grouping the identified risks by category or type, identifying the likelihood and impact of each risk occurring using a defined scale, assessing subjective factors that can affect each risk (such as stakeholder attitudes), evaluating them in relation to other known threats or opportunities within the project environment, and ultimately determining which risks require further action through a combination of objective data analysis and expert judgment.
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