Which of the following techniques for planning risk response can provide a means of identifying symptoms for use as trigger conditions for contingency responses?

Question

Options

• ARoot cause analysis
• BQuantitative risk analysis
• CEnsuring that actions are available to address significant events before their occurrence
• DInvolving selected exons in the process

• A
  6% (3)
• B
  85% (46)
• C
  2% (1)
• D
  7% (4)

Explanation

Quantitative risk analysis uses mathematical and statistical modeling-such as sensitivity analysis, decision trees, and Monte Carlo simulation-to establish measurable thresholds. These thresholds (e.g., cost variance exceeding a specific dollar amount, schedule slippage beyond a defined number of days) serve as trigger conditions: observable, quantified symptoms that signal when a contingency plan should be activated. Root cause analysis (A) looks backward to determine why a risk occurred, not forward to define triggers. Option C describes the concept of contingency readiness but is not a named technique. Option D ('involving selected exons') appears to contain a typographical error and does not identify a recognized technique.

No community discussion yet for this question.