STUDY GUIDE 2026 QUESTIONS WITH
SOLUTIONS GRADED A+
◉ the process that quantifies overall project risks exposure and provides
additional quantitative risk information to support risk response
planning. Answer: perform quantitative risk analysis
◉ the purpose of the Perform Quantitative Risk Analysis process.
Answer: -quantify the project's possible outcomes and probabilities
-determine probability of achieving the project objective
-identify risks that need the most attention by quantifying their
contribution to overall project risk
-identify realistic and achievable schedule, cost, or scope targets
-determine the best project management decisions possible when
outcomes are uncertain
◉ outputs from Perform Quantitative Risk Analysis are used as inputs to
which process. Answer: the Plan Risk Responses process, to recommend
responses to the level of overall project risk and key individual risks
◉ Inputs of Perform Quantitative Risk Analysis process. Answer: - some
components of the project management plan
, -project documents
- EFFS
- OPAs
◉ which plan specifies whether quantitative risk analysis is required for
the project and documents the resources available for analysis and
expected frequency of analyses. Answer: risk management plan
◉ which components of the project management plan describes the
staring point from which the effect of individual project risk and other
sources of uncertainty can be evaluated. Answer: - scope baseline
- schedule baseline
- cost baseline
◉ the project documents that can be considered as inputs during the
Perform Quantitative Analysis Risk process. Answer: - assumption log
- basis of estimated
- cost estimates
- cost forecasts
- duration estimates
- milestone list
- resource requirements
- risk register