1. The primary purpose of Quantitative Risk Analysis is:

Select one:

a. to determine the numerical impact in terms of cost (e.g. dollars) and schedule (e.g. number of weeks or months) in case high risks turn into actual problems

b. to rank the relative priority of risks from high to low

c. to store risks in the risk register

d. to refine the WBS by inserting risk information into the WBS dictionary

2. What can be said about comparison of the level of work required to perform Qualitative and Quantitative Risk Analysis?

Select one:

a. Qualitative Risk Analysis is almost always more work than Quantitative

b. Quantitative Risk Analysis is usually more work than Qualitative

c. Both are consistently about the same amount of work

d. None of the above

3. One activity in the area of Quantitative Risk Analysis that is not ordinarily considered in Qualitative Risk Analysis is:

Select one:

a. the need to be familiar with the risk and the threat it causes

b. use of Expert Judgement

c. risk aggregation or interactions

d. risk ranking

4. In the process used for Decision Tree Analysis...

Select one:

a. alternatives outcomes are randomly selected

b. multiplication of outcome probabilities and impact for a give risk can provide an expected impact

c. alternatives outcomes are based on first in and first out

d. root causes govern the selection of outcome

5. For most projects, there is no need to do quantitative analysis of each and every risk - only for high risks.

Select one:

True

False