What is the primary purpose of sensitivity analysis in project management?
PMI-RMP Certification Training - Quantitative Risk Analysis

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To calculate the project's expected profit
To identify the most risk-sensitive aspects of a project
To evaluate team performance
To determine the project's overall cost
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is the expected monetary value (EMV) calculated?
By subtracting threats from opportunities
By dividing total cost by total time
By multiplying probability by impact
By adding all possible outcomes
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a positive EMV indicate in risk analysis?
A threat risk
An opportunity risk
A neutral risk
A guaranteed outcome
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of decision tree analysis in project management?
To determine the project's final budget
To assess team member performance
To calculate the value of different decisions using EMV
To create a visual representation of project timelines
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of modeling and simulation in project analysis?
To evaluate the project's environmental impact
To ensure project completion on time
To calculate potential impacts based on random inputs
To predict the exact outcome of a project
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