Friday, 15 March 2013

Risk Management Exam - Perform Quantative Risk Analysis


Below are my small notes for this process.  I used this in conjunction with the main notes, that I described in an earlier post.
  • Process of numerically analysing the effect of identified risks on the project objectives.
  • Performed on prioritised risks and analyses potential risk events.
  • Repeated after plan risk response and monitor & control risks
InputsToolsOutputs

  • Risk reg
  • RMP
  • Cost Mg Plan
  • Schedule Mg Plan
  • Org Proc

  • Data gathering and representation tech
  • Quantitive risk analysis and modeling
  • Exp Judgement

  • Risk reg up

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