You work as a project manager for TechSoft Inc. You, the project team, and the key project stakeholders have completed a round of quantitative risk analysis. You now need to update the risk register with your findings so that you can communicate the risk results to the project stakeholders – including management. You will need to update all of the following information except for which one?
A.
Risk distributions within the project schedule
B.
Trends in quantitative risk analysis
C.
Probabilistic analysis of the project
D.
Probability of achieving cost and time objectives
Explanation:
Risk distributions are ideal for planning, but they are not updated as an output of the perform quantitative analysis process.
The output of perform quantitative risk analysis process is Risk Register Updates. Risk register is updated to take account of a quantitative risk report detailing quantitative approaches and outputs. Updates include the following important elements:
Probabilistic analysis of the project
Probability of achieving cost and time objectives
Prioritized list of quantified risks
Trends in quantitative risk analysis resultsAnswer options C, D, and B are incorrect. These all are parts of the risk register which should be updated.
Reference: "Project Management Body of Knowledge (PMBOK Guide), Fourth edition"