Perform Quantitative Risk Analysis
About the Lecture
The lecture Perform Quantitative Risk Analysis by Sean Whitaker is from the course Archiv - PMP Training – Become a Project Management Professional (EN). It contains the following chapters:
- Perform Quantitative Risk Analysis
- Key themes
- Data Gathering & Representation
- Quantitative Risk Analysis & Modeling
- Example Decision Tree
- Computer Modeling
- Summary
Included Quiz Questions
What is quantitative risk analysis usually done after qualitative risk analysis?
- Quantitative risk analysis is usually done after qualitative risk analysis because generally quantitative risk analysis is performed on the risks identified as having the greatest impact on the project during the use of qualitative risk analysis techniques.
- Quantitative risk analysis is usually done after qualitative risk analysis because the sponsor and client are only interested in quantitative risk analysis.
- Quantitative risk analysis is usually done after qualitative risk analysis because time and money constraints mean this is the most efficient way to do risk analysis.
- Quantitative risk analysis is usually done after qualitative risk analysis because of the availability and cost of the required computer processing time to carry out quantitative risk analysis properly.
Monte Carlo, or What-if scenario analysis is an example of which quantitative risk analysis tool or technique.
- Quantitative risk analysis and modelling techniques.
- Work performance information.
- Risk data quality assessment.
- Expert judgement.
Author of lecture Perform Quantitative Risk Analysis
Sean Whitaker
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