perform quantitative risk analysis
Submitted by vijayavadrevu on Wed, 05/29/2013 - 17:22
As part of Perform Quantitative Risk Analysis process, you, as a project manager, have already done a sensitivity analysis, created decision trees and done a project simulation using Monte Carlo technique. However, when you show your results to your manager, she is not happy. She thinks that your analysis is not acceptable because:
- Monte Carlo simulations are not a standard methodology used in the company for risk quantification.
- The quantitative value of identified risks is too high.
- You have not performed risk audits as part of your project.
- You have not conducted an interview with the project stakeholders and subject matter experts
Forums:


DonJuanin
Wed, 05/29/2013 - 17:28
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4I would choose in exam but
4
I would choose in exam but I would like to see other people explanation.
Rmandal
Wed, 05/29/2013 - 17:29
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4. should be the answer
4. should be the answer
Jgrind07
Wed, 05/29/2013 - 17:32
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It should be 4.Data gathering
It is 4.
Data gathering on the risk should have been done before the sensitivity analysis and others (quantitative risk analysis tecs.,)
Thanks
Jai
vijayavadrevu
Wed, 05/29/2013 - 17:34
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Yes, 4 is the right option
Yes, 4 is the right option