Fred is the project manager of the PKL project.
He is working with his project team to complete the quantitative risk analysis process as a part of risk management planning.
Fred understands that once the quantitative risk analysis process is complete, the process will need to be completed again in at least two other times in the project.
When will the quantitative risk analysis process need to be repeated?
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A. B. C. D.D.
The quantitative risk analysis process is a part of the risk management planning process group in project management. This process involves the use of numerical and statistical techniques to identify and prioritize risks based on their probability of occurrence and impact on the project objectives.
Once the quantitative risk analysis process is complete, the project team will need to use the results to develop a risk response plan. This plan outlines the specific actions that will be taken to address identified risks, including their likelihood and impact.
After the risk response plan is developed, the quantitative risk analysis process will need to be repeated to assess the effectiveness of the plan and identify any new or emerging risks. This repetition is a part of the risk monitoring and controlling process group, which focuses on tracking project performance and ensuring that the project stays on track.
Therefore, option D is the correct answer. The quantitative risk analysis process will be completed again after the risk response planning and as a part of monitoring and controlling.