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A Guide to the Project Management Body of Knowledge (PMBOK® Guide), Fifth Edition by Project Management Institute

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11.3 Perform Qualitative Risk Analysis

Perform Qualitative Risk Analysis is the process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact. The key benefit of this process is that it enables project managers to reduce the level of uncertainty and to focus on high-priority risks. The inputs, tools and techniques, and outputs of this process are depicted in Figure 11-8. Figure 11-9 depicts the data flow diagram of the process.

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Perform Qualitative Risk Analysis assesses the priority ...

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