Perform Quantitative Risk Analysis: Output (in terms on PMP)

Risk Register Updates:

• Prioritized list of quantified risks
  What are the risks that most likely to cause trouble? That needs the most contingency?
  
  
• Amount of contingency and cost reserves needed.
  
  
• Possible realistic and achievable completion date and project costs with confidence level versus the cost oand time objective for the project.
  
  
• The quantified probability of meeting project objectives.
  
  
• Trends in quantified risk analysis.

Decision Tree Analysis

Decision Tree Analysis

• is an assessment of the data obtained using the decision tree method to evalute various possible outcomes.
  
• allows decision-makers to factor in both probability and impact for each branch of every decision under consideration.
  
• indicates the decision that will provide the greatest expected value when all the uncertain implications, costs, rewards and subsequent decisions are quantified.