You work as a project manager for BlueWell Inc. You are about to complete the quantitative risk analysis process for your project. You can use three available tools and techniques to complete this process. Which one of the following is NOT a tool or technique that is appropriate for the quantitative risk analysis process?

A.
Expert judgment

B.
Organizational process assets

C.
Quantitative risk analysis and modeling techniques

D.
Data gathering and representation techniques

Explanation:

Organizational process assets are not a tool and technique, but an input to the quantitative risk analysis process. 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 D is incorrect. Data gathering and representation technique is a tool and technique for the quantitative risk analysis process.

Answer option C is incorrect. Quantitative risk analysis and modeling techniques is a tool and technique for the quantitative risk analysis process.

Answer option A is incorrect. Expert judgment is a tool and technique for the quantitative risk analysis process.

Reference: "Project Management Body of Knowledge (PMBOK Guide), Fourth Edition"