Purchase Solution

risk analysis techniques

Not what you're looking for?

Ask Custom Question

In a meeting with other members of my class, the following arguments were raised.
1. List and explain two quantitative risk analysis techniques. Which is better? Briefly compose a reasoned response to this statement.
2. Assume that you are the project manager and the one ultimately responsible for planning and implementing the project plan, you believe that risk management is "everybody's business." Your team understands what risk management is; What are some questions that should be addressed in the risk management plan (RAP) ?

Purchase this Solution
Solution Summary

List and explain two quantitative risk analysis techniques. Which is better? Briefly compose a reasoned response to this statement.

Solution Preview

1. List and explain two quantitative risk analysis techniques. Which is better? Briefly compose a reasoned response to this statement.

Sensitivity Analysis - Sensitivity analysis measures the impact of one risk with all other variables at a level plane. The risk currently being analyzed is given variable values based upon the possible outcomes. This is a great method to ascertain the impact of a single risk, however the method does not yield a combine effect for risk analysis.

Decision Tree Analysis - Decision tree analysis is a detailed review of the information available to evaluate different ...

Solution provided by:
Sandeep Bardia, MBA
Education
  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
Recent Feedback
  • "Thank you. "
  • "Thank you"
  • "Thank you. I got 20/20 last week for my discussion you help me out with."
  • "Thank you. Great Job. "
  • "Thank you. Great Job. "
Purchase this Solution
Free BrainMass Quizzes
Transformational Leadership

This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.

Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.

Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media

Basic Social Media Concepts

The quiz will test your knowledge on basic social media concepts.

Organizational Behavior (OB)

The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.

View More Free Quizzes
Related BrainMass Solutions

  • Techniques for measuring corporate risk

    231436 Techniques for measuring corporate risk What are some techniques for measuring risk? How do you differentiate between these techniques? How would an organization use country risk analysis in determining global expansion?

  • British Petroleum: Risk Management

    Risk analysis and management in the water utility sector: a review of drivers, tools and techniques.

  • Comprehensive Financial Analysis

    250643 Comprehensive Financial Analysis This is a continuation of the Walt Disney analysis. 1) Recommend additional risk mitigation techniques based on your analysis of the organization (Walt Disney).

  • Financial Management

    How would you use the information from this analysis? Explain. What are some risk management techniques?

  • Identify three risk measurement techniques by its use and its application.

    275044 Risk Measurement Techniques Identify three risk measurement techniques by its use and its application.

  • What are some risk management techniques?

    482500 What are some risk management techniques? What are some risk management techniques? How would you use portfolio management to assess the risk and return of an investment?

  • Stand alone risk in Capital Budgeting

    The sensitivity analysis, scenario analysis, Monte Carlo simulation and decision tree analysis are four of the techniques we used to estimate a project's stand-alone risk.

  • Techniques for Risk Identification

    546654 Techniques for Risk Identification List and describe two techniques for risk identification, such as brainstorming, a Work Breakdown Structure (WBS), or a scenario analysis. What are advantages and disadvantages of each technique?

  • Risk Management Template in Excel

    The columns should cover the requirements for Risk Identification, Qualitative Risk Analysis, Quantitative Risk Analysis and Risk Monitoring & Control.

View More Related Solutions