Risk Management Professional Exam Prep

Answer: c - The best answer would be determining the probability that the project will meet its goals successfully.

Other good examples of quantitative risk assessment would be identifying risks that have the most (not least) impact, determining costs for predictable (not unforeseeable) events, as well as costs for each project task.

Key Take Away: It’s always good to think quantitatively, especially in dollar terms. Multiply probability by the cost of a risk occurring and you have the best insight into how much you should be worried about it.