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11 - PROJECT RISK MANAGEMENT

Inputs Tools & Techniques Outputs
.1 Risk management plan .1 Data gathering and .1 Project documents
.2 Cost management plan representation updates
.3 Schedule management techniques
plan .2 Quantitative risk analysis
.4 Risk register and modeling techniques
.5 Enterprise environmental .3 Expert judgment
factors
.6 Organizational process
assets

Figure 11-11. Perform Quantitative risk Analysis: Inputs, tools & techniques, and outputs

Project Risk Management
6.1
Plan Schedule 11.1 11.2
Management Plan Risk Identify
Management Risks
7.1 • Risk management • Risk register
Plan Cost plan
Management
• Schedule
management plan
11.4
• Cost management plan Perform Project
Quantitative Documents
Risk Analysis • Project documents
updates
• Organizational
process assets
• Enterprise
Enterprise/ environmental
Organization factors

Figure 11-12. Perform Quantitative risk Analysis data Flow diagram

Perform Quantitative Risk Analysis is performed on risks that have been prioritized by the Perform Qualitative
Risk Analysis process as potentially and substantially impacting the project’s competing demands. The Perform
Quantitative Risk Analysis process analyzes the effect of those risks on project objectives. It is used mostly to
evaluate the aggregate effect of all risks affecting the project. When the risks drive the quantitative analysis, the
process may be used to assign a numerical priority rating to those risks individually.

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