A statistical technique that captures the average value of potential projects by analyzing the likelihood of possible
Question:
A statistical technique that captures the average value of potential projects by analyzing the likelihood of possible project outcomes as well as each outcome’s financial consequence.
Match each of the key terms with the definition that best fits it.
A. Decision tree analysis B. Expected monetary value analysis C. Identify Risks D. Implement Risk Responses E. Issue F. Monitor Risks G. Perform Qualitative Risk Analysis H. Perform Quantitative Risk Analysis I. Periodic project risk reviews J. Plan Risk Management K. Plan Risk Responses L. Probability/impact risk rating matrix M. Project assumption testing N. Project risk response audits O. Residual risks P. Risk Q. Risk acceptance R. Risk avoidance S. Risk escalation T. Risk management plan U. Risk mitigation V. Risk owner W. Risk register X. Risk response plan Y. Risk transference Z. Risk-related contractual agreements AA. Secondary risks BB. Sensitivity analysis CC. Technical performance measurement DD. Tornado analysis EE. Trigger
Step by Step Answer:
Information Systems Project Management A Process Approach
ISBN: 9781943153541
2nd Edition
Authors: Christoph Schneider, Mark A Fuller, Joseph S Valacich, Joey George