What things will you need as inputs for the quantitative risk analysis of the project in this scenario?

You are the project manager of the GGH Project in your company. Your company is structured as a functional organization and you report to the functional manager that you are ready to move onto the quantitative risk analysis process. What things will you need as inputs for the quantitative risk analysis of the project in this scenario?

You are the project manager of the GGH Project in your company. Your company is structured as a functional organization and you report to the functional manager that you are ready to move onto the quantitative risk analysis process. What things will you need as inputs for the quantitative risk analysis of the project in this scenario?

A.
You will need the risk register, risk management plan, outputs of qualitative risk analysis, and any relevant organizational process assets.

B.
You will need the risk register, risk management plan, permission from the functional manager, and any relevant organizational process assets.

C.
Quantitative risk analysis does not happen through the project manager in a functional structure.

D.
You will need the risk register, risk management plan, cost management plan, schedule management plan, and any relevant organizational process assets.

Explanation:

Quantitative risk analysis happens through the project manager regardless of the organizational structure. 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 options C, A, and B are incorrect. These are not valid answers for this Reference:
"Project Management Body of Knowledge (PMBOK Guide), Fourth Edition"



Leave a Reply 2

Your email address will not be published. Required fields are marked *


networkmanagers

networkmanagers

I choose D

Syndi

Syndi

I am confused with all these questions coming from
Project Management Body of Knowledge (PMBOK Guide), Fourth Edition

Help