Explanation/Reference:
Explanation:
Decision Tree Analysis. A diagramming and calculation technique for evaluating the implications of a chain of multiple options in the presence of uncertainty.
- Can only be used with discrete data.
Process: 11.4 Perform Quantitative Risk Analysis
Definition: The process of numerically analyzing the effect of identified risks on overall project objectives.
Key Benefit: The key benefit of this process is that it produces quantitative risk information to support decision making in order to reduce project uncertainty.
Inputs
Risk management plan

Cost management plan

Schedule management plan

Risk register

Enterprise environmental factors

Organizational process assets

Tools & Techniques
Data gathering and representation techniques

Quantitative risk analysis and modeling techniques

Expert judgment

Outputs
1. Project documents updates