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11 - PROJECT RISK MANAGEMENT
Perform Quantitative Risk Analysis generally follows the Perform Qualitative Risk Analysis process. In some
cases, it may not be possible to execute the Perform Quantitative Risk Analysis process due to lack of sufficient
data to develop appropriate models. The project manager should exercise expert judgment to determine the need
for and the viability of quantitative risk analysis. The availability of time and budget, and the need for qualitative or
quantitative statements about risk and impacts, will determine which method(s) to use on any particular project.
Perform Quantitative Risk Analysis should be repeated, as needed, as part of the Control Risks process to determine
if the overall project risk has been satisfactorily decreased. Trends may indicate the need for more or less focus on
appropriate risk management activities.
11.4.1 Perform Quantitative risk Analysis: Inputs
11.4.1.1 risk Management Plan
Described in Section 11.1.3.1. The risk management plan provides guidelines, methods, and tools to be used in
quantitative risk analysis.
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11.4.1.2 cost Management Plan
Described in Section 7.1.3.1. The cost management plan provides guidelines on establishing and managing risk
reserves.
11.4.1.3 Schedule Management Plan
Described in Section 6.1.3.1. The schedule management plan provides guidelines on establishing and managing
risk reserves.
11.4.1.4 risk register
Described in Section 11.2.3.1. The risk register is used as a reference point for performing quantitative risk
analysis.
11.4.1.5 Enterprise Environmental Factors
Described in Section 2.1.5. Enterprise environmental factors may provide insight and context to the risk analysis,
such as:
• Industry studies of similar projects by risk specialists, and
• Risk databases that may be available from industry or proprietary sources.
®
©2013 Project Management Institute. A Guide to the Project Management Body of Knowledge (PMBOK Guide) – Fifth Edition 335
Licensed To: Jorge Diego Fuentes Sanchez PMI MemberID: 2399412
This copy is a PMI Member benefit, not for distribution, sale, or reproduction.
