Explanation/Reference:
Explanation:
Using list of possible scenarios with threats and impacts will better frame the range of risk and hence can frame more informative result of qualitative analysis.
Incorrect Answers:
B: Cost and benefit analysis is used for taking financial decisions that can be formal or informal, such as appraisal of any project or proposal. The approach weighs the total cost against the benefits expected, and then identifies the most profitable option. It only decides what type of control should be applied for effective risk management.
C, D: These are not sufficient for producing detailed result.

Explanation/Reference:
Explanation:
Whenever the customer or key stakeholder asks for a change in the existing plan, you should ask him/her to submit a formal change request. Change requests may modify project policies or procedures, project scope, project cost or budget, project schedule, or project quality.
Incorrect Answers:
A, C, D: The first action required is to create a formal change request, if a change is requested in the project.

Section: Volume D