Tuesday, 14 October 2014

Risk Management #1

Q: Several potential risks have been identified on the project. The impact was examined and all the uncertain elements were kept at their baseline values. What type of diagram will be used in the analysis?
A: Tornado diagram

Explanation: The question describes sensitivity analysis, which is a tool and technique of the Quantitative Risk Analysis process. Tornado diagrams are often used to display sensitivity analysis data.

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