Which of the following helps to identify critical project parameters that affect project schedule the most,determine project success rate,and make decisions about viable project alternatives?
A)document analysis
B)Six Sigma
C)quantitative risk analysis
D)CMMI

Question

Quizplus · Accepted Answer

Quantitative risk analysis is the process of analyzing the likelihood and impact of identified risks in order to prioritize them, and determine their effect on project objectives such as the schedule, budget, and quality. This analysis helps identify critical project parameters that affect the project schedule the most, and enables project managers to make informed decisions about viable project alternatives based on the likelihood and impact of potential risks. Document analysis is a process of reviewing project documents for information, Six Sigma is a methodology for improving quality and reducing waste, and CMMI is a framework for process improvement. While these techniques may be useful in project management, they are not specifically designed to help identify critical project parameters or determine project success rates.

Which of the Following Helps to Identify Critical Project Parameters