Reserve analysis is a tool and technique used in which of the following processes?

Question

Options

• AMonitor and Control Risks
• BQualitative Risk Analysis
• CQuantitative Risk Analysis
• DPlan Risk Responses

• A
  79% (33)
• B
  2% (1)
• C
  12% (5)
• D
  7% (3)

Explanation

Reserve Analysis is a tool and technique in the Monitor and Control Risks process (Option A), where it is used to compare remaining contingency reserves-both schedule and cost-against the amount of risk still present on the project, ensuring adequate buffer exists to cover outstanding threats.

Why the distractors are wrong:

• B (Qualitative Risk Analysis) uses tools like the probability/impact matrix and risk urgency assessment to prioritize risks-not reserve analysis.
• C (Quantitative Risk Analysis) relies on techniques like Monte Carlo simulation, expected monetary value (EMV), and sensitivity analysis to numerically model risk-not reserve analysis.
• D (Plan Risk Responses) focuses on developing response strategies (avoid, mitigate, transfer, accept) for identified risks-not evaluating reserve adequacy.

Memory tip: Link "reserve" to "review" - you review your reserves during monitoring to see if your safety net is still big enough. Reserve Analysis belongs in the controlling phase, not the planning or analysis phases.

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