SOFTWARE PROJECT MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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ADecision tree analysis
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BAlternatives analysis
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CMonte Carlo analysis
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DSensitivity analysis
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Detailed explanation-1: -QTRA is the process of providing numerical estimates of the overall effect of risks on the project objectives when all risks are considered simultaneously. The numerical estimates are usually in terms of schedule and cost.
Detailed explanation-2: -2. Quantitative Risk Assessment. The quantitative risk assessment is used to measure risk by assigning a numerical value. So instead of high, medium, and low, you could have 3, 2 and 1.
Detailed explanation-3: -Quantitative Risk Analysis Formula The industry-standard formula for quantitative risk analysis is: (ALE = SLE × ARO). That is, Annualized Loss Expectancy (ALE) = Single Loss Exposure (SLE) × Annualized Rate of Occurrence (ARO). SLE is calculated as asset value x exposure factor.