You work as a project manager for BlueWell Inc. You are about to complete the quantitative risk
analysis process for your project. You can use three available tools and techniques to complete
this process. Which one of the following is NOT a tool or technique that is appropriate for the
quantitative risk analysis process?
A.
Data gathering and representation techniques
B.
Expert judgment
C.
Quantitative risk analysis and modeling techniques
D.
Organizational process assets
Explanation:
Organizational process asset is not a tool and technique, but an input to the quantitative risk
analysis process. Quantitative Risk Analysis is a process to assess the probability of achieving
particular project objectives, to quantify the effect of risks on the whole project objective, and to
prioritize the risks based on the impact to overall project risk. Quantitative Risk Analysis process
analyzes the affect of a risk event deriving a numerical value. It also presents a quantitative
approach to build decisions in the presence of uncertainty. The inputs for Quantitative Risk
Analysis are :
Organizational process assets
Project Scope Statement
Risk Management Plan
Risk Register
Project Management Plan
Answer A is incorrect. Data gathering and representation technique is a tool and technique for the
quantitative risk analysis process.
Answer C is incorrect. Quantitative risk analysis and modeling techniques is a tool and technique
for the quantitative risk analysis process.
Answer B is incorrect. Expert judgment is a tool and technique for the quantitative risk analysis
process.