Fred is the project manager of the PKL project. He is working with his project team to complete the quantitative risk analysis process as a part of risk management planning. Fred understands that once the quantitative risk analysis process is complete, the process will need to be completed again in at least two other times in the project. When will the quantitative risk analysis process need to be repeated?

A.
Quantitative risk analysis process will be completed again after the plan risk response planning and as part of procurement.

B.
Quantitative risk analysis process will be completed again after the cost management planning and as a part of monitoring and controlling.

C.
Quantitative risk analysis process will be completed again after the risk response planning and as a part of monitoring and controlling.

D.
Quantitative risk analysis process will be completed again after new risks are identified and as
part of monitoring and controlling.

Explanation:

Quantitative risk analysis process will, at a minimum, be completed again after the risk response planning and as a part of monitoring and controlling.
Quantitative Risk Analysis is a process to assess the probability of achieving particular project objectives, to quantify the effect of risks on the whole project objective, and to prioritize the risks based on the impact to overall project risk. Quantitative Risk Analysis process analyzes the affect of a risk event deriving a numerical value. It also presents a quantitative approach to build decisions in the presence of uncertainty. The inputs for Quantitative Risk Analysis are .
Organizational process assets
Project Scope Statement
Risk Management Plan
Risk Register
Project Management Plan
Answer option B is incorrect. Quantitative risk analysis process is not required to be completed again after cost management planning.
Answer option A is incorrect. The Quantitative risk analysis process is not a part of the procurement processes.
Answer option D is incorrect. While this statement may be true for some new risk events, you must consider that there is no certainty that new risks will be identified in the project and that no new risks identified will necessarily require the quantitative risk analysis process. Reference: "Project Management Body of Knowledge (PMBOK Guide), Fourth Edition"