Inputs | Tools and Techniques | Outputs |
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Risk Register: This document contains a list of identified risks along with their attributes such as description, potential causes, potential impacts, risk owner, and initial assessment of probability and impact.
Risk Management Plan: Provides guidance on how qualitative risk analysis will be conducted, including the scales for assessing probability and impact, the criteria for prioritizing risks, and the roles and responsibilities of the project team.
Project Documents: Various project documents such as the project charter, stakeholder register, scope statement, requirements documentation, and lessons learned from previous projects can provide insights into potential risks.
Enterprise Environmental Factors (EEFs): External factors such as industry standards, market conditions, and organizational culture that can influence risk management planning.
Organizational Process Assets: Lessons learned, historical information, and other organizational knowledge that can help in closing out the project effectively.
Expert Judgment: Input from subject matter experts or stakeholders who provide insights into the closure process, lessons learned, and best practices.
Probability Distributions: Using statistical probability distributions (e.g., normal distribution, triangular distribution) to represent uncertainty in project variables such as cost, schedule, and performance.
Monte Carlo Simulation: Employing Monte Carlo simulation techniques to model the project using probability distributions for various variables and simulate multiple project scenarios to assess their impact on project objectives.
Sensitivity Analysis: Analyzing the sensitivity of project outcomes to changes in key variables or assumptions to identify which risks have the most significant impact on project objectives.
Decision Tree Analysis: Constructing decision trees to evaluate different decision alternatives under uncertainty and assess their expected value based on probabilities and outcomes.
Risk Register Updates: The primary output of the Perform Qualitative Risk Analysis process is an updated Risk Register. This document includes qualitative assessments of risks based on their probability and impact, as well as their prioritization for further analysis and response planning.
Quantitative Risk Analysis Results: The primary output of the Perform Quantitative Risk Analysis process is the quantitative assessment of risks and their potential impact on project objectives. This includes probabilistic estimates of project outcomes, such as cost, schedule, and performance metrics.
Risk Data Quality Updates: Updates to the quality and reliability of data used for qualitative risk analysis based on the assessment conducted during this process.
Project Management Plan Updates: Updates to the Risk Management Plan and other relevant components of the project management plan based on the results of qualitative risk analysis.