You are preparing to complete the quantitative risk analysis process with your project team and several subject matter experts. You gather the necessary inputs including the project's cost…

Question

Options

• AThe project's cost management plan can help you to determine what the total cost of the project is
• BThe project's cost management plan provides direction on how costs may be changed due to
• CThe project's cost management plan provides control that may help determine the structure for
• DThe project's cost management plan is not an input to the quantitative risk analysis process.

• A
  4% (1)
• C
  87% (20)
• D
  9% (2)

Explanation

The cost management plan defines how costs will be planned, structured, monitored, and controlled - including control thresholds, reporting formats, and measurement approaches. In quantitative risk analysis, this structure informs how risk impacts are measured in monetary terms and how the analysis is framed and reported. It does not simply tell you the total cost of the project (A), nor does it describe how costs change due to risks (B). Option D is incorrect because the cost management plan is indeed a valid input. The plan provides the structural and control framework within which the numerical risk analysis is conducted.

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