Which of the following methods involves the use of predictive or diagnostic analytical tool for
exposing risk factors?
A.
Scenario analysis
B.
Sensitivity analysis
C.
Fault tree analysis
D.
Cause and effect analysis
Explanation:
Cause-and-effect analysis involves the use of predictive or diagnostic analytical tool for exploring
the root causes or factors that contribute to positive or negative effects or outcomes. These tools
also help in identifying potential risk.Answer B is incorrect. Sensitivity analysis is the quantitative risk analysis technique that:
Assist in determination of risk factors that have the most potential impact
Examines the extent to which the uncertainty of each element affects the object under
consideration when all other uncertain elements are held at their baseline values
Answer C is incorrect. Fault tree analysis (FIA) is a technique that provides a systematic
description of the combination of possible occurrences in a system, which can result in an
undesirable outcome. It combines hardware failures and human failures.
Answer A is incorrect. This analysis is not a method for exposing risk factors. It is used for
analyzing scenarios.