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Qualitative risk analysis is the best answer as it is a fast and low-cost approach to analyze the risk impact and its effect. It can promote certain risks onto risk response planning. Qualitative Risk Analysis uses the likelihood and impact of the identified risks in a fast and cost-effective manner. Qualitative Risk Analysis establishes a basis for a focused quantitative analysis or Risk Response Plan by evaluating the precedence of risks with a concern to impact on the project's scope, cost, schedule, and quality objectives. The qualitative risk analysis is conducted at any point in a project life cycle. The primary goal of qualitative risk analysis is to determine proportion of effect and theoretical response. The inputs to the Qualitative Risk Analysis process are: Organizational process assets Project Scope Statement Risk Management Plan Risk Register Answer: B is incorrect. Historical information can be helpful in the qualitative risk analysis, but it is not the best answer for the question as historical information is not always available (consider new projects). Answer: D is incorrect. Quantitative risk analysis is in-depth and often requires a schedule and budget for the analysis. Answer: C is incorrect. Rolling wave planning is not a valid answer for risk analysis processes.

A trademark is a name, symbol, or slogan with which a product is identified. Its uniqueness makes the product noticeable among the same type of products. For example, Pentium and Athlon are brand names of the CPUs that are manufactured by Intel and AMD, respectively. The trademark law protects a company's trademark by making it illegal for other companies to use it without taking prior permission of the trademark owner. A trademark is registered so that others cannot use identical or similar marks. Answer: C is incorrect. A trade secret is a formula, practice, process, design, instrument, pattern, or compilation of information which is not generally known. It helps a business to obtain an economic advantage over its competitors or customers. In some jurisdictions, such secrets are referred to as confidential information or classified information. Answer: B is incorrect. A copyright is a form of intellectual property, which secures to its holder the exclusive right to produce copies of his or her works of original expression, such as a literary work, movie, musical work or sound recording, painting, photograph, computer program, or industrial design, for a defined, yet extendable, period of time. It does not cover ideas or facts. Copyright laws protect intellectual property from misuse by other individuals. Answer: D is incorrect. A patent is a set of exclusive rights granted to anyone who invents any new and useful machine, process, composition of matter, etc. A patent enables the inventor to legally enforce his right to exclude others from using his invention.

Residual risks are generally smaller risks that remain in the project after larger risks have been addressed. The residual risk is the risk or danger of an action or an event, a method or a (technical) process that still conceives these dangers even if all theoretically possible safety measures would be applied. The formula to calculate residual risk is (inherent risk) x (control risk) where inherent risk is (threats vulnerability). Answer: B is incorrect. This is not a valid statement about residual risks. Answer: C is incorrect. This is not a valid statement about residual risks. Answer: A is incorrect. This is not a valid statement about residual risks.