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Sensitivity analysis is a technique for systematically changing parameters in a model to determine the effects of such changes and is useful for computer modelers for a range of purposes. Which of the following purposes does the sensitivity analysis include? Each correct answer represents a complete solution. Choose all that apply.

  1. Increased understanding or quantification of the system
  2. Estimating the average outcome
  3. Model development
  4. Decision making or the development of recommendations for decision makers

Answer(s): A,C,D



You are the project manager of the NHH Project for your company and you have completed the risk analysis processes for the risk events. You and the project team have created risk responses for most of the identified project risks. Now, you would like to assign risk owners to the events. Which risk events should have risk response owners?

  1. Only the risks with a high risk rating
  2. Each agreed-to and funded risk response should have a risk response owner
  3. Each risk that has a risk response should have a risk response owner
  4. Only the risk events that are considered a negative risk event with a high risk rating

Answer(s): B



You work as a project manager for BlueWell Inc. You have to communicate the causes of risk events to the stakeholders. Which risk diagramming technique you will use to communicate the causes of risk events to project stakeholders?

  1. Project network diagrams
  2. Process flow charts
  3. Ishikawa diagrams
  4. Influence diagrams

Answer(s): C



Wendy is about to perform qualitative risk analysis on the identified risks within her project. Which one of the following will NOT help Wendy to perform this project management activity?

  1. Project scope statement
  2. Risk management plan
  3. Risk register
  4. Stakeholder register

Answer(s): D






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