Question from Simplilearn

Submitted by bridge on Tue, 06/25/2013 - 06:56

 Which of the following is NOT a tool used in the perform qualitative risk analysis process?

 
A.    Probability and Impact Matrix
B.    SWOT (Strength, Weakness, Opportunities and Threat)
C.    Monte Carlo Simulation
D.    Root cause identification
 
Simplilearn Answer : C
 
But, is Root Cause Identification is part of Quantitative Risk Analysis ?
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cnppmp's picture

cnppmp

Tue, 06/25/2013 - 14:35

First thing is using the elimination theory it would be much easier. You look at the Monte carlo which is technique used in QUANTITATIVE RISK ANALYSIS, So without any hestitation you should pick C as the option. 


Please note, in such questions, you should find different ways to find the answers, do not go by only one method to identify the answer.


To your confusion on Root Cause Identification, please have a look at the TT of Qualitiative Risk analysis you find it or you see what gets updated (added column) as part in Risk Register (Output of Qualititative Risk analysis.


 


Regards


CN Patil

bridge

Wed, 06/26/2013 - 16:51

 Tahnks