You are project manager for ABD project. You, with your team, are working on the following activities: - Probabilistic analysis of a project. - Probability of achieving cost and time objectives. - Tre

Plan Risk Management defines how risk activities will be structured and governed but does not analyze risk probabilities or produce probabilistic outcome models.

Perform Quantitative Risk Analysis uses tools such as Monte Carlo simulation to generate probability distributions for project cost and schedule outcomes, directly producing probabilistic analysis of the project and estimates of the likelihood of meeting objectives. Trend analysis across iterations of this process is also a recognized output used to track whether risk exposure is improving or worsening. The PMBOK Guide explicitly lists all three activities as outputs of this process.

Qualitative Risk Analysis uses descriptive scales to prioritize risks and does not generate probability distributions or numerical likelihood estimates for objectives.

Identify Risks focuses on documenting potential risk events and does not quantify their probabilities or model their effects on project outcomes.