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
C) Sensitivity Analysis
D) Simulation Techniques such as Monte Carlo Analysis

Question

Quizplus · Accepted Answer

Sensitivity analysis is the quantitative risk analysis technique used to determine which risks have the most powerful impact on the project. The results are displayed in the form of a tornado diagram, which shows the relative importance of each risk factor. FMEA is a qualitative risk analysis technique, while Expected Monetary Value and Monte Carlo Analysis are used to assess the probability and impact of different project outcomes, but do not focus specifically on identifying the most impactful risks.

Which of the Following Quantitative Risk Analysis Techniques Is Used