Which of the following quantitative risk analysis techniques is used to determine which risks have the most powerful impact on the project,with results displayed in the form of a tornado diagram?
A) Failure Mode and Effects Analysis (FMEA)
B) Expected Monetary Value (EMV)
C) Sensitivity Analysis
D) Simulation Techniques such as Monte Carlo Analysis

Question

Which of the following quantitative risk analysis techniques is used to determine which risks have the most powerful impact on the project,with results displayed in the form of a tornado diagram?​ 
A) Failure Mode and Effects Analysis (FMEA) 
B) Expected Monetary Value (EMV) 
C) Sensitivity Analysis 
D) Simulation Techniques such as Monte Carlo Analysis

Quizplus · Accepted Answer

Sensitivity Analysis is the quantitative risk analysis technique that is used to determine which risks have the most powerful impact on the project. It helps in identifying the most critical risks that may affect the success of the project. The results of sensitivity analysis are displayed in the form of a tornado diagram that shows the relative impact of each risk. Failure Mode and Effects Analysis (FMEA), Expected Monetary Value (EMV), and Simulation Techniques such as Monte Carlo Analysis are other quantitative risk analysis techniques but they are not specifically used to determine the most powerful impact of risks on the project.

Which of the Following Quantitative Risk Analysis Techniques Is Used