BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Prioritized list of quantified risks.
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Qualitative analysis of the threats to ignore and opportunities to accept.
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Checklists, corrective actions, and qualified decision trees.
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Direction, resources, and contingency costs.
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Detailed explanation-1: -Outputs of Perform Quantitative Risk Analysis Prioritized list of quantified risks. Amount of contingency time and cost reserves needed to accommodate the risks. Possible realistic achievements dates with confidence levels. Quantified probability of meeting project objectives.
Detailed explanation-2: -In the Perform Quantitative Risk Analysis process, the risk register is updated with the probabilities associated with each identified risk and the probability of meeting the cost and time projections.
Detailed explanation-3: -A quantitative risk analysis is evidence-based. It assigns numerical values to risks, based on quantifiable data, such as costs, logistics, completion time, staff sick days, and so on. You will usually perform one after a qualitative risk analysis, it’s a way to further assess the highest priority risks.