Quantitative Risk Analysis Process | CAP Exam Answer

The Only Output of Quantitative Risk Analysis Process

Question

You are the project manager of the NKQ project for your organization.

You have completed the quantitative risk analysis process for this portion of the project.

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

Answers

Explanations

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A. B. C. D.

D.

The quantitative risk analysis is the process of numerically analyzing the effect of identified risks on overall project objectives. It involves using quantitative techniques such as Monte Carlo simulations to determine the probability and impact of specific risks on project outcomes.

The only output of the quantitative risk analysis process is the updates to the risk register. The risk register is a document that contains information about identified risks, their probability and impact, and the planned responses to them. After conducting the quantitative risk analysis process, the risk register is updated to reflect the results of the analysis. This may include updated information on the probability and impact of specific risks, as well as any changes to the planned responses to these risks.

Option A, probability of reaching project objectives, is not the only output of the quantitative risk analysis process. While the analysis may provide information on the likelihood of achieving project objectives, this is not the only output of the process.

Option B, risk contingency reserve, is not an output of the quantitative risk analysis process. The risk contingency reserve is a reserve of time or money set aside to address any unexpected risks that may occur during the project. This reserve is determined during the risk management planning process and is not directly related to the output of the quantitative risk analysis process.

Option C, risk response, is also not the only output of the quantitative risk analysis process. While the analysis may inform the development of risk response strategies, it is not the only output of the process.

Therefore, the correct answer is D, risk register updates, as this is the only output of the quantitative risk analysis process.