Project Risk Management-implement quantitative risk analysis

Source: Internet
Author: User

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

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.