"Implementing quantitative risk analysis is the process of quantitatively analyzing the impact of the identified individual project risks and other sources of uncertainty on the overall project objectives. The main function of this process is to quantify the overall project risk exposure and provide additional Quantitative risk information to support risk response planning. This process is not necessary for every project, but if adopted, it will continue throughout the project."
11.4.2 Implement quantitative risk analysis: tools and techniques
11.4.2.1 Expert judgment
11.4.2.2 Data collection
11.4.2.3 Interpersonal relationship and team skills
11.4.2.4 Uncertainty manifestations
11.4.2.5 Data analysis
The data analysis techniques applicable to this process include (but are not limited to):
- Simulation .
- Sensitivity analysis . The results of sensitivity analysis are usually represented by tornado graphs .
- Decision tree analysis .
- Influence diagram .