PMI Risk Management Professional (PMI-RMP) — Question 55

A project manager is developing the risk register and works with the team to analyze risks and determine their probability and impact. There is valuable historical data available that may be used to simulate the overall risk outcome.

Which type of analysis should the project manager use in this instance?

Answer options

• A. Check list analysis
• B. Quantitative analysis
• C. Cause and effect
• D. Specialized meeting

Correct answer: B

Explanation

The correct answer is B, Quantitative analysis, as it involves using numerical data to assess risks and their potential impacts. Options A, C, and D do not provide the same level of numerical analysis needed for simulating risk outcomes, which is crucial when historical data is available.