Project managers can identify risks by learning and understanding the cause and
ID: 358542 • Letter: P
Question
Project managers can identify risks by learning and understanding the cause and effect relationships that bear on risk events. All of the following approaches rely upon an understanding of cause and effect relationships to identify risks EXCEPT:
?
perform a Monte Carlo analysis
develop a flow chart that shows how people, materials or data flow from one person or location to another
conduct a root cause analysis
understand trigger conditions, or circumstances under which a risk strategy or risk action will be invoked
a.perform a Monte Carlo analysis
b.develop a flow chart that shows how people, materials or data flow from one person or location to another
c.conduct a root cause analysis
d.understand trigger conditions, or circumstances under which a risk strategy or risk action will be invoked
Explanation / Answer
a. Perform a Monte Carlo analysis
As remaining approaches rely upon an understanding of cause and effect relationships to identify risks.
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