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1. What is one reason to conduct qualitative risk analysis before quantitative risk analysis?
Qualitative risk analysis is done to improve the quality of the data used in the quantitative risk analysis.
Qualitative risk analysis prioritizes risk. Based upon the priority, quantitative analysis only needs to be done on the high risks.
Quantitative analysis uses the risk values that are calculated with the qualitative analysis.
2. What type of project risk is the PERT analysis best suited to evaluate?
Cost and schedule risk.
Stakeholder and personnel risk.
Product accuracy and reliability risk.
3. What factors are used to calculate the EMV?
The probability of a risk occurring on a task and the new task estimate when it occurs.
The probability of a project scenario and the business impact of the project scenario.
The expected cash flow from the project per year and the company’s discount rate.
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