CAP · Question #119
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…
The correct answer is B. Risk distributions within the project schedule. Risk distributions within the project schedule are not a standard output update to the risk register following quantitative risk analysis; the standard outputs focus on probabilistic analyses and objective-based probability assessments.
Question
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?
Options
- AProbability of achieving cost and time objectives
- BRisk distributions within the project schedule
- CProbabilistic analysis of the project
- DTrends in quantitative risk analysis
How the community answered
(20 responses)- A5% (1)
- B75% (15)
- C10% (2)
- D10% (2)
Why each option
Risk distributions within the project schedule are not a standard output update to the risk register following quantitative risk analysis; the standard outputs focus on probabilistic analyses and objective-based probability assessments.
Probability of achieving cost and time objectives is a standard output of quantitative risk analysis that expresses confidence levels for meeting project targets.
The PMBOK-defined outputs of quantitative risk analysis that update the risk register include: probabilistic analysis of the project, probability of achieving cost and time objectives, prioritized list of quantified risks, and trends in quantitative risk analysis. 'Risk distributions within the project schedule' is not a recognized risk register update output from this process - schedule risk distributions are an intermediate modeling artifact, not a final register entry.
Probabilistic analysis of the project, such as S-curves showing likely cost or schedule ranges, is a key quantitative risk analysis output used to communicate project uncertainty.
Trends in quantitative risk analysis results across iterations are tracked to identify whether the project risk profile is improving or deteriorating over time.
Concept tested: Outputs of quantitative risk analysis process
Source: https://www.pmi.org/pmbok-guide-standards/foundational/pmbok
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