What charts and figures should project managers use during the Perform Quantitative Risk Analysis process?

The correct answer is A. Tornado diagrams and influence diagrams. Tornado diagrams and influence diagrams are the correct tools for Perform Quantitative Risk Analysis. Tornado diagrams display sensitivity analysis results, showing which risks have the most impact on project objectives. Influence diagrams graphically represent causal relationshi

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Question

What charts and figures should project managers use during the Perform Quantitative Risk Analysis process?

Options

ATornado diagrams and influence diagrams
BDetectability bubble charts and probability and impact matrix
CHierarchical charts and burndown charts
DFlow charts and responsible, accountable, consult, and inform (RACI) charts

How the community answered

(30 responses)

A
93% (28)
B
3% (1)
D
3% (1)

Explanation

Tornado diagrams and influence diagrams are the correct tools for Perform Quantitative Risk Analysis. Tornado diagrams display sensitivity analysis results, showing which risks have the most impact on project objectives. Influence diagrams graphically represent causal relationships and decision scenarios used in quantitative modeling. The probability and impact matrix (B) is used in Perform Qualitative Risk Analysis, not quantitative. Hierarchical charts and burndown charts (C) are resource and agile tracking tools. RACI charts (D) are responsibility assignment tools unrelated to risk analysis.

Topics

#Quantitative Risk Analysis#Risk Management Tools#Tornado Diagram#Influence Diagram

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