Sensitivity Analysis & Influence Diagram

Submitted by PKMeiyappan.PMP... on Sat, 12/08/2012 - 10:15

All,

Could someone help me in understanding the Influence Diagram and Sensivitiy Analysis?  I understand that the sensitivity analysis is used for analyzing the risk to determine how much impact it could make.  I couldn't find any on Influence Diagram except that its very close with Decision Tree analysis from Google.

Thanks in advance.

Regards

PK

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sspawar

Sat, 12/08/2012 - 14:03

Process -Identify risk - T&T - Diagramming technique - INfluence diagram is a type of this technique  - just to identify the risk, -- figure can be seen in google images

Process -Perform Quantitative risk Analysis -- it is numerical assessment - of identified and qualitatively analysed Risks - and Sensetivity analysis is a type of a technique called - modeling techniques of this process.

Tarnedo diagram is an example of this technique.

 

what is difference, apart from above:

SA-- have always numerical values and analysis,  

ID -- just a graphical representation, without any values.

SA -- study if one factor changed how over all or all other factor will be affected.

ID -- record - an idle or just an present identified scenario, without any analysis.

SA --- Always one reason -- effects observed at all objects (variables)

ID -- Any number of reasons (variables) -- any number of effects (variables)

 

PKMeiyappan.PMP...

Sat, 12/08/2012 - 23:44

Thanks a lot for detailed differences provided.  It helps.

Regards

PK