SAB4#131 Analysis_Quantitative_Risks

Annotations:

• Quantitative risk analysis the probability and impact (the amount at stake or the consequences). Also looks at how risks could affect the objetives of the Project.

1. Sensitivity Analysis
   1. Sensitivity analysis is a technique to analize and compare the potencial impacts of identified risk

      Annotations:

      • Sensitivity analysis is all about looking at the effect one variable might have if you could completely isolate it. People generally use tornado diagrams to look at a project’s sensitivity to just one risk factor.
2. Process: Perform Quantitative Risk Analysis
3. Process Group: Planning
4. Knowledge Area: Risk Management
5. Monte Carlo Analysis
   1. A monte carlo analysis uses the network diagram and estimates to "perform" the project many times and simulate the cost or schedule results of the project
6. The propose of Quiantitive Risk Analysis
   1. Determine wich risk event warrant a response
      1. Determine overall Project risk (risk exposure)
         1. Determine the quantified probability of meeting Project objetives
            1. Determine the cost and schedule reserves
               1. Create realistic and achievable cost, schedule, or scope targets