PMI-RMP Certification Training - Perform Quantitative Risk Analysis – Tools and Techniques

The video tutorial covers data gathering and representation techniques, including interviewing and probability distributions. It delves into quantitative risk analysis and modeling techniques, highlighting sensitivity analysis, expected monetary value analysis, and simulation. Expert judgment is emphasized for analyzing potential costs or schedule impacts and validating risks. The main output of the process is updates to the risk register, which includes probabilistic analysis, prioritized risks, and trends.

What are the main data gathering and representation techniques mentioned in the text?

Describe the three techniques used for risk analysis and modeling.

How is expert judgment utilized in the quantitative risk analysis process?

What is the main output of the quantitative risk analysis process?

What types of analyses are included in the risk register updates?