You are the project manager of the BlueStar project in your company. Your company is structured as a functional organization and you report to the functional manager that you are ready to move onto the qualitative risk analysis process. What will you need as inputs for the qualitative risk analysis of the project in this scenario?

A.
You will need the risk register, risk management plan, outputs of qualitative risk analysis, and any relevant organizational process assets.

B.
You will need the risk register, risk management plan, permission from the functional manager, and any relevant organizational process assets.

C.
Qualitative risk analysis does not happen through the project manager in a functional structure.

D.
You will need the risk register, risk management plan, project scope statement, and any relevant organizational process assets.

Explanation:

Qualitative risk analysis happens through the project manager regardless of the organizational structure. Qualitative Risk Analysis uses the likelihood and impact of the identified risks in a fast and cost-effective manner. Qualitative Risk Analysis establishes a basis for a focused quantitative analysis or Risk Response Plan by evaluating the precedence of risks with a concern to impact on the project’s scope, cost, schedule, and quality objectives. The qualitative risk analysis is conducted at any point in a project life cycle. The primary goal of qualitative risk analysis is to determine proportion of effect and theoretical response. The inputs to the Qualitative Risk Analysis process are:

Organizational process assets
Project Scope Statement
Risk Management Plan
Risk Register

Answer options C, A, and B are incorrect. These are not valid answers for qualitative risk analysis.

Reference: "Project Management Body of Knowledge (PMBOK Guide), Fourth Edition"