I'm a bit confused on the difference between qualitative and quantitative risk analysis. Is variance and trend analysis part of the qualitative process or the quantitative one? I'll have to review my notes on that.
I remember learning about this in class. Variance and trend analysis is a tool used in the Perform Quantitative Risk Analysis process to statistically analyze project risks.
Okay, let me think this through. Variance and trend analysis sounds like it would be used to quantify risks, so I'm going to go with option B, Perform Quantitative Risk Analysis.
Hmm, I'm a bit unsure on this one. I know variance and trend analysis are used to identify and assess risks, but I can't remember which specific process they're associated with.
Hmm, I'm a little unsure about this one. The life cycles look similar, but I'm not totally sure what the right answer should be to fill in that blank. I'll have to think it through carefully.
I think variance and trend analysis is used in Perform Quantitative Risk Analysis. That's the process where we analyze the probability and impact of risks.
Suzi
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