IIBA Certified Business Analysis Professional CBAP Question # 52 Topic 6 Discussion
CBAP Exam Topic 6 Question 52 Discussion:
Question #: 52
Topic #: 6
Which of the following techniques involves attempting to make and numerically determine the probability of various adverse events and measuring the likely extent of the losses?
Quantitative risk analysis is a technique that involves attempting to make and numerically determine the probability of various adverse events and measuring the likely extent of the losses. It uses numerical methods, such as expected monetary value analysis, Monte Carlo simulation, decision tree analysis, and sensitivity analysis, to estimate the likelihood and impact of risk events, and to evaluate the overall risk exposure of the project. Quantitative risk analysis can help to prioritize risks, allocate resources, optimize contingency reserves, and support decision making. References:
CBAP / CCBA Certified Business Analysis Study Guide, 2nd Edition, page 47
Risk Analysis- Open Courses by Atlantic International University - AIU, paragraph 1
Which of the following techniques involves attempting to make and numerically determine the probability of various adverse events and measuring the likely extent of the losses?, answer D
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