Which document contains the results of qualitative and quantitative risk analyses?

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Prepare for the Certified Governance Risk and Compliance (CGRC) Exam. Enhance your skills with detailed reviews, hints, and question explanations. Excel in governance, risk, and compliance.

The risk register is a crucial document in risk management that serves to collect and summarize all identified risks along with their qualitative and quantitative analyses. It contains detailed descriptions of each risk, including their potential impacts, likelihood of occurrence, and the measures in place to mitigate them. Additionally, the risk register provides a space for tracking the status of each risk over time and any actions taken to address them.

Qualitative risk analysis focuses on determining the importance of risks in terms of impact and probability, while quantitative analysis provides numerical assessments that help in analyzing the effects of risks on project objectives. By consolidating both qualitative and quantitative results, the risk register plays an essential role in informing project stakeholders and guiding decision-making related to risk management processes.

In contrast, the project charter serves as a foundational document outlining the project’s objectives and roles but does not contain detailed risk analyses. The risk management plan outlines how risks will be managed throughout the project but does not provide specific analyses. The quality management plan is focused on ensuring quality standards and does not directly address risk analysis results.

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