PMP Certification Training - Perform Quantitative Risk Analysis

The video tutorial explains the process of performing quantitative risk analysis, which involves numerically analyzing the combined effect of identified project risks and uncertainties on project objectives. It covers the inputs required, such as components of the project management plan and organizational process assets, and the tools and techniques used, including risk interviews, probability distributions, and data analysis methods like simulation and decision tree analysis. The tutorial also provides an example of decision tree analysis and discusses the outputs of the process, which include updates to project documents like the risk register and risk report.

Describe the role of simulation in quantitative risk analysis.

How does sensitivity analysis contribute to understanding project risks?

What are the expected outputs of the perform quantitative risk analysis process?