ProximityHighLowLowHigh Detectability Large bubbles in this area are unacceptable Bubble size = Impact Value Small bubbles in this area areacceptable
��427 11.3.3 PERFORM QUALITATIVE RISK ANALYSIS: OUTPUTS 11.3.3.1 PROJECT DOCUMENTS UPDATESProject documents that may be updated as a result of carrying out this process include but are not limited to:uAssumption log. Described in Section 4.1.3.2. During the Perform Qualitative Risk Analysis process, new assumptions may be made, new constraints may be identified, and existing assumptions or constraints may be revisited and changed. The assumption log should be updated with this new information. uIssue log.Described in Section 4.3.3.3. The issue log should be updated to capture any new issues uncovered or changes in currently logged issues. uRisk register. Described in Section 11.2.3.1. The risk register is updated with new information generated during the Perform Qualitative Risk Analysis process. Updates to the risk register may include assessments of probability and impacts for each individual project risk, its priority level or risk score, the nominated risk owner, risk urgency information or risk categorization, and a watch list for low-priority risks or risks requiring further analysis. uRisk report.Described in Section 11.2.3.2. The risk report is updated to reflect the most important individual project risks (usually those with the highest probability and impact), as well as a prioritized list of all identified risks on the project and a summary conclusion.
428 Part 1 - Guide 11.4 PERFORM QUANTITATIVE RISK ANALYSISPerform Quantitative Risk Analysis is the process of numerically analyzing the combined effect of identified individual project risks and other sources of uncertainty on overall project objectives. The key benefit of this process is that it quantifies overall project risk exposure, and it can also provide additional quantitative risk information to support risk response planning. This process is not required for every project, but where it is used, it is performed throughout the project. The inputs and outputs of this process are depicted in Figure 11-11. Figure 11-12 depicts the data flow diagram for the process.Figure 11-11. Perform Quantitative Risk Analysis: Inputs, Tools & Techniques, and OutputsTools & TechniquesInputsOutputs .1 Expert judgment.2 Data gathering.!Interviews .3 Interpersonal and team skills .!Facilitation .4 Representations of uncertainty .5 Data analysis .!Simulations .!Sensitivity analysis .!Decision tree analysis .!Influence diagrams .1 Project management plan.!Risk management plan.!Scope baseline .!Schedule baseline.!Cost baseline.2 Project documents.!Assumption log.!Basis of estimates.!Cost estimates .!Cost forecasts.!Duration estimates.!Milestone list.!Resource requirements .!Risk register .!Risk report .!Schedule forecasts .3 Enterprise environmental factors .4 Organizational process assets.1 Project documents updates .!Risk report Perform Quantitative Risk Analysis
��42911.4 Perform Quantitative Risk Analysis
Upload your study docs or become a
Course Hero member to access this document
Upload your study docs or become a
Course Hero member to access this document
End of preview. Want to read all 976 pages?
Upload your study docs or become a
Course Hero member to access this document
