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?

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

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

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How does a tornado diagram help in understanding project risks?

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

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