PK0-003 · Question #236
When performing quantitative risk analysis, which of the following should be produced?
The correct answer is B. Decision tree. When performing quantitative risk analysis, a decision tree is used to model different courses of action and their potential outcomes with associated probabilities.
Question
When performing quantitative risk analysis, which of the following should be produced?
Options
- AControl chart
- BDecision tree
- CRun chart
- DScatter diagram
How the community answered
(37 responses)- A3% (1)
- B92% (34)
- C5% (2)
Why each option
When performing quantitative risk analysis, a decision tree is used to model different courses of action and their potential outcomes with associated probabilities.
A control chart is a quality control tool used to monitor process stability over time, not for quantitative risk analysis.
A decision tree is a tool used in quantitative risk analysis to graphically represent different decision options and their potential outcomes, including associated probabilities and monetary values. It enables calculation of expected monetary value (EMV) for each path, aiding in optimal decision-making under uncertainty.
A run chart displays data points over time to identify trends, which is a quality control tool, not primarily used for quantitative risk analysis to evaluate options.
A scatter diagram is used to show the relationship between two variables, typically in quality control or process analysis, not for modeling decision paths in risk analysis.
Concept tested: Quantitative risk analysis tools
Source: https://learn.microsoft.com/en-us/training/modules/introduction-project-risk-management/6-quantitative-risk-analysis-process
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