PMI-RMP Certification Training - Perform Quantitative Risk Analysis – Tools and Techniques

The video tutorial covers data gathering and representation techniques, including interviewing and probability distributions. It delves into quantitative risk analysis and modeling techniques, highlighting sensitivity analysis, expected monetary value analysis, and simulation. Expert judgment is emphasized for analyzing potential costs or schedule impacts and validating risks. The main output of the process is updates to the risk register, which includes probabilistic analysis, prioritized risks, and trends.

Which of the following is a data gathering technique mentioned in the video?

• Sensitivity analysis

• Interviewing

• Modeling and simulation

• Expected monetary value analysis

What is one of the techniques used in quantitative risk analysis?

• Risk register updates

• Interviewing

• Expert judgment

• Sensitivity analysis

Which technique involves using subject matter expertise to analyze risks?

• Sensitivity analysis

• Expert judgment

• Modeling and simulation

• Expected monetary value analysis

What is the main output of the quantitative risk analysis process?

• Risk register updates

• Probability distributions

• Interviewing

• Sensitivity analysis

What does the risk register include after updates?

• A list of qualitative risks

• A probabilistic analysis of the project

• A summary of interviews

• A detailed cost analysis