amount of time, whi ly relevant and imp. uch a measure. Wha t?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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During risk identification sessions, you and
your team identified more than 150 risks for
your project. You are afraid that evaluating
each of these risks quantitatively will cost
you an enormous amount of time, while not
all of them are really relevant and important
enough to justify such a measure. What
should you do next?
A. Identify risk triggers where possible.
Analyze only those risks quantitatively
for which no trigger could be found
B. Use qualitative risk analysis in order
to prioritize risks for further action,
such as quantitative risk analysis
C. Assess the probability of each risk
qualitatively and further analyze only
those risks with high probability
D. Assess the potential impact of each
risk qualitatively and further analyze
only those risks with high impact
Transcribed Image Text:During risk identification sessions, you and your team identified more than 150 risks for your project. You are afraid that evaluating each of these risks quantitatively will cost you an enormous amount of time, while not all of them are really relevant and important enough to justify such a measure. What should you do next? A. Identify risk triggers where possible. Analyze only those risks quantitatively for which no trigger could be found B. Use qualitative risk analysis in order to prioritize risks for further action, such as quantitative risk analysis C. Assess the probability of each risk qualitatively and further analyze only those risks with high probability D. Assess the potential impact of each risk qualitatively and further analyze only those risks with high impact
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