A project manager realizes the team undertaking the project work has fallen behind the planned schedule. The risk manager identifies a new risk resulting from this delay and will need to understand ho

The correct answer is C. Sensitivity analysis. Sensitivity analysis (such as Monte Carlo simulation or tornado diagram analysis) is the appropriate quantitative technique for understanding how schedule slippage and other variable changes affect project outcomes, including worst-case scenarios. It evaluates how sensitive the p

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Question

A project manager realizes the team undertaking the project work has fallen behind the planned schedule. The risk manager identifies a new risk resulting from this delay and will need to understand how this will affect the project deadline. Which kind of numerical analysis should be performed to understand the worst-case scenarios?

Options

AEarned value analysis
BQualitative risk analysis
CSensitivity analysis
DRoot cause analysis

How the community answered

(56 responses)

A
2% (1)
B
4% (2)
C
84% (47)
D
11% (6)

Explanation

Sensitivity analysis (such as Monte Carlo simulation or tornado diagram analysis) is the appropriate quantitative technique for understanding how schedule slippage and other variable changes affect project outcomes, including worst-case scenarios. It evaluates how sensitive the project deadline is to changes in individual risk variables. Option A (earned value analysis) measures cost and schedule performance, not risk scenarios. Option B (qualitative risk analysis) ranks risks by probability and impact but does not produce numerical worst-case scenarios. Option D (root cause analysis) identifies why problems occur, not what the downstream impact scenarios will be.

Topics

#Quantitative risk analysis#Sensitivity analysis#Schedule risk#Risk impact assessment

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