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1. What information does a Sensitivity Analysis provide?
The actions that Core Team should take to reduce uncertainty on the project.
The magnitude of the impact on a project when a risk occurs and when it does not occur.
The emotional health of Core Team.
2. What information does a Tornado Diagram provide?
The magnitude of the positive and negative impact that a risk can have on a project.
The priority of most important to least important risk on a project.
The current project schedule variance and the reasons for that variance.
3. Why do you freeze all other aspects of the project plan except the risk factor while doing a sensitivity analysis?
To eliminate the need to recalculate the critical path.
This reduces the amount of effort necessary to do the analysis, allowing you to conduct multiple sensitivity analyses.
To determine how sensitive the project is to the risk condition.
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