Description
This technique is mostly used in quantitative risk analysis where the project duration, cost, resource requirement, and scope are uncertain for a planned activity.
The variables are generally presented as the ranges of values and plotted as a probability distribution graph for analysis.
It is an independently-used project management tool.
Where it is Used
Process Groups
This tool is used in the following Process Group(s) during the project management
Planning
Knowledge Areas
This tool is used in the following Knowledge Areas during the project management
Project Risk Mgmt.
Activities
This technique is used while performing the following project management activities by the project manager and the team
Perform Quantitative Risk Analysis
Process Group | Knowledge Area | Activity |
Planning | Project Risk Mgmt. | Perform Quantitative Risk Analysis |
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