You Are Preparing to Complete the Quantitative Risk Analysis Process

question 123

Multiple Choice

You are preparing to complete the quantitative risk analysis process with your project team and several subject matter experts. You gather the necessary inputs including the project's cost management plan. Why is it necessary to include the project's cost management plan in the preparation for the quantitative risk analysis process?

• A) The project's cost management plan can help you to determine what the total cost of the project is allowed to be.
• B) The project's cost management plan provides direction on how costs may be changed due to identified risks.
• C) The project's cost management plan provides control that may help determine the structure for quantitative analysis of the budget.
• D) The project's cost management plan is not an input to the quantitative risk analysis process .

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Definitions:

Congruence

Congruence in psychology refers to the alignment and authenticity between an individual's inner feelings and their outward expressions, considered crucial in Rogerian therapy.

Fundamental Instrument

A basic tool or device that is essential for conducting measurements or experiments in scientific research.

Change

A process or event that makes something different than it was before.

Person-centered Counseling

A therapeutic approach developed by Carl Rogers that emphasizes the importance of providing a nonjudgmental, empathetic, and congruent environment for the client.