All of the following describe the appropriate application of Perform Quantitative Risk Analysis in project management EXCEPT:
A) Large, complex and expensive projects stand to benefit from the additional rigor of quantitative risk analysis techniques.
B) Quantitative techniques are used when it is critical to predict the probability of completing a project on time or within budget with confidence.
C) Brainstorming techniques are used by the team and other stakeholders to identify as many project risks as possible.
D) Decision Tree Analysis and Simulation techniques such as Monte Carlo Analysis are examples of useful quantitative risk analysis techniques.

Question

All of the following describe the appropriate application of Perform Quantitative Risk Analysis in project management EXCEPT:​ 
A) Large, complex and expensive projects stand to benefit from the additional rigor of quantitative risk analysis techniques. 
B) Quantitative techniques are used when it is critical to predict the probability of completing a project on time or within budget with confidence. 
C) Brainstorming techniques are used by the team and other stakeholders to identify as many project risks as possible. 
D) Decision Tree Analysis and Simulation techniques such as Monte Carlo Analysis are examples of useful quantitative risk analysis techniques.

Quizplus · Accepted Answer

Choice C is incorrect as it describes the Perform Qualitative Risk Analysis process that includes brainstorming techniques to identify project risks, while Perform Quantitative Risk Analysis uses data and mathematical techniques to analyze risks. Choices A, B, and D are all correct, describing the appropriate application of Perform Quantitative Risk Analysis in project management.

All of the Following Describe the Appropriate Application of Perform