Closer means High Quality Information >> Clarification over time.
Approach and definitions should be defined and not be changing around.
Iterative analysis could be to monitor closely the risk about to happen.
Normally, Success factors go as below:
1. Approach
2. Definitions
3. High Quality
4. Iterations
Azharmak is correct. Per practice standard for RM, section 6.2, all of the answers are key success factors in perform qualitative analysis.
https://www.pmi.org/-/media/pmi/documents/public/pdf/certifications/practice-standard-project-risk-management.pdf?v=1e0b5985-74af-4c57-963c-b91a9af6fecb
Key Success factors at 4.4.2 in Standard for Risk are:
1. Use Agreed Approach
2. Use Agreed definitions of Risk terms
3. Collect credible information about risk
4. Perform iterative qualitative risk analysis
So more than one answers are correct.........
The success of qualitative risk analysis is enhanced if the process is used periodically throughout the project. (PRACTICE STANDARD),, Answer B iterative
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