Based on an identified risk that has a major severity level, a project sponsor asks for a quantitative risk analysis of the project. The project manager is unsure if there is sufficient time to perform that kind of analysis. The companys board is waiting for a formal
response.

What should the project manager do to address the situation without jeopardizing project outcomes?


A. Hold a team meeting to obtain the information needed for a quantitative risk analysis.
B. Review the risk management plan to see if a quantitative risk analysis is required.
C. Meet with the project sponsor to review the identified risk, and issue a risk response plan.
D. Perform a quantitative risk analysis, and update the risk register and risk response plan.