PMI-RMP Certification Training - Sensitivity Analysis

The video tutorial explains sensitivity analysis, focusing on how it assesses the impact of uncertainty in project elements. It introduces tornado diagrams as a tool for comparing risks and highlights the limitations of sensitivity analysis in evaluating risk combinations. The tutorial also covers what-if analysis, emphasizing its use in understanding variable impacts on projects. An example of a tornado diagram is provided, illustrating how it ranks risks based on uncertainty levels.

What is the purpose of sensitivity analysis in project management?

What does sensitivity analysis allow you to examine regarding project variables?

Why is it important to focus on one variable at a time during sensitivity analysis?

How does a tornado diagram help in understanding project risks?

Explain the difference between risks with high uncertainty and those with low uncertainty.