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A Guide to the Project Management Body of Knowledge (PMBOK® Guide), Fifth Edition by Project Management Institute

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11.4 Perform Quantitative Risk Analysis

Perform Quantitative Risk Analysis is the process of numerically analyzing the effect of identified risks on overall project objectives. The key benefit of this process is that it produces quantitative risk information to support decision making in order to reduce project uncertainty. The inputs, tools and techniques, and outputs of this process are depicted in Figure 11-11. Figure 11-12 depicts the data flow diagram of the process.

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Perform Quantitative Risk Analysis is performed on risks that have been ...

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