Project Risk Management-implement quantitative risk analysis

The implementation of quantitative risk analysis is a process of quantitative analysis on the impact of identified risks on the overall objectives of the project.

Quantitative risk analysis is intended for qualitative risk analysis.Risks of significant impact.

The implementation of quantitative risk analysis is usually inQualitativeRisk AnalysisAfter.

Which method is used in the project?Risk Analysis,Depends onAvailableTime and budget

Input:

1. Risk Register
2. Risk Management Plan
3. Cost Management Plan
4. Progress Management Plan
5. Organizational Process assets

Tools and technologies:

1. Techniques for data collection and presentation: Interview and Probability Distribution
2. Quantitative Risk Analysis and Modeling Technology: sensitivity analysis, expected currency value analysis (EMV), Modeling and Simulation
3. Expert judgment: used to identify the potential impact of risks on costs and progress, estimate the probability, and define the input required for various analysis methods

Output:

1. Risk Register (updated): Includes probability analysis of projects, probability of achieving cost and time objectives, quantified risk priority list, Trend of quantitative risk analysis results