Zephyr Professional Practice Test 2025 - Free Practice Questions and Study Guide

Qualitative risks are assessed based on subjective judgment, involving the identification and evaluation of risks based on their nature, likelihood, and impact without relying on numeric data. This approach often includes methods such as expert judgment, interviews, and brainstorming sessions, enabling project teams to understand potential risks in a more nuanced way. Qualitative risk analysis helps prioritize risks so that organizations can allocate resources efficiently and focus on risks that could have the most significant impact on the project's success.

In contrast, measuring risk through quantitative data refers to analyzing risks that can be expressed numerically, while risks that do not affect project timelines or are excluded from planning do not fall under the category of qualitative risks. These elements are not relevant to the definition of qualitative risks, as they either imply an absence of impact or an exclusion from the risk assessment process altogether.