While analyzing risks on a project, the project manager notices that the occurrence of one risk could increase the chance of other risks happening, amplifying the overall effect on the project. Which qualitative risk analysis concept does this BEST describe?
Risk impact assessment
Interconnectivity
Detectability
Probability assessment
Interconnectivity is the concept that describes how different risks are linked, with the occurrence of one risk affecting the likelihood or impact of others. Understanding interconnectivity helps in comprehensively assessing the potential cascading effects of risks on a project during qualitative risk analysis. Detectability refers to how easily a risk can be identified or detected. Probability assessment focuses on estimating the likelihood of individual risks occurring, and risk impact assessment evaluates the potential consequences of risks on project objectives. While these are important aspects of risk analysis, they do not specifically address how risks can influence one another.
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