The Purpose of Quantitative Risk Analysis Is to Understand the Actual

question 17

True/False

The purpose of quantitative risk analysis is to understand the actual impact of a risk in terms of dollars, time, project scope, or quality.

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Definitions:

Budgets

Financial plans that outline expected income and expenditures over a specific period, often used by individuals, businesses, and governments.

United States Office of Management and Budget

An executive branch office responsible for preparing the federal budget and overseeing its administration in U.S. government agencies.

United States Congress

The bicameral legislative body of the federal government of the United States consisting of two chambers: the Senate and the House of Representatives.

United States Congress

The national federal legislative body of the United States consisting of two chambers: the Senate and the House of Representatives.