Saturday, June 20, 2020

REPRESENTATIONS OF UNCERTAINTY (PMP Tool)



Description



This technique is mostly used in quantitative risk analysis where the project duration, cost, resource requirement, and scope are uncertain for a planned activity. 

The variables are generally presented as the ranges of values and plotted as a probability distribution graph for analysis.

It is an independently-used project management tool.

 

Where it is Used


Process Groups

Planning

Knowledge Areas

Project Risk Mgmt.

Activities

Perform Quantitative Risk Analysis

Process Group
Knowledge Area
Activity
Planning
Project Risk Mgmt.
Perform Quantitative Risk Analysis





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