Section: Volume B
Explanation/Reference:
Explanation:
The plan risk management process is when risk categories were to be defined. If they were not defined, as in this scenario, it is acceptable to define the categories as part of the qualitative risk analysis process.
Plan risk management is the process of defining the way to conduct the risk management activities. Planning is essential for providing sufficient resources and time for risk management activities, and to establish an agreed- upon basis of evaluating risks. This process should start as soon as project is conceived and should be completed early during project planning.
Incorrect Answers:
A: Risk categories are not defined through the define scope process.
B: Risk categories are not defined through the risk identification process.
D: Risk categories are not defined through the create work breakdown structure process.

Explanation/Reference:
Explanation:
Quantitative risk analysis is the process of numerically analyzing the effect of identified risks on overall project objectives. It is performed on risk that have been prioritized through the qualitative risk analysis process.
Incorrect Answers:
A: While somewhat true, this statement does not completely define the quantitative risk analysis process.
B: This is actually the definition of qualitative risk analysis.
D: This is not a valid statement about the quantitative risk analysis process. Risk response planning is a separate project management process.