In which project risk management process is the data analysis technique not used?

The correct answer is A. Plan Risk Management. Data analysis techniques - such as root cause analysis, assumption and constraint analysis, SWOT analysis, document analysis, sensitivity analysis, decision tree analysis, and reserve analysis - are explicitly used as tools and techniques in Identify Risks, Perform Qualitative Ri

Predictive, Plan-Based Methodologies

Question

In which project risk management process is the data analysis technique not used?

Options

APlan Risk Management
BImplement Risk Response
CMonitor Risks
DPerform Quantitative Risk Analysis

How the community answered

(47 responses)

A
94% (44)
C
4% (2)
D
2% (1)

Explanation

Data analysis techniques - such as root cause analysis, assumption and constraint analysis, SWOT analysis, document analysis, sensitivity analysis, decision tree analysis, and reserve analysis - are explicitly used as tools and techniques in Identify Risks, Perform Qualitative Risk Analysis, Perform Quantitative Risk Analysis, Plan Risk Responses, Implement Risk Responses, and Monitor Risks. Plan Risk Management, however, is the initial process focused solely on deciding how to approach and structure the overall risk management effort for the project. Its tools and techniques are limited to expert judgment, data gathering (such as meetings and interviews), and interpersonal and team skills - data analysis is not among them.

Topics

#Risk Management Processes#Project Management Tools & Techniques#Plan Risk Management#Data Analysis

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