Which of the following are the BEST risk analysis tools to determine a project's risk level? (Choose two.)
A) Fishbone diagram
B) RACI matrix
C) Monte Carlo
D) Process flowchart
E) Expert judgment
F) Project dashboard

Question

Quizplus · Accepted Answer

Monte Carlo simulation is a quantitative risk analysis tool that uses probability distributions to predict potential outcomes and assess risk levels. Expert judgment involves using the experience and insights of experts to evaluate and understand project risks, making it a valuable qualitative risk analysis tool.

Which of the Following Are the BEST Risk Analysis Tools