Why is it necessary to include the project’s cost management plan in the preparation for the quantitative risk analysis process?

You are preparing to complete the quantitative risk analysis process with your project team and several subject matter experts. You gather the necessary inputs including the project’s cost management plan. Why is it necessary to include the project’s cost management plan in the preparation for the quantitative risk analysis process?

Question:

Why is it necessary to include the project’s cost management plan in the preparation for the quantitative risk analysis process?

Options:

The project’s cost management plan can help you to determine what the total cost of the project is allowedto be.

The project’s cost management plan provides direction on how costs may be changed due to identifiedrisks.

The project’s cost management plan provides control that may help determine the structure for quantitativeanalysis of the budget.

The project’s cost management plan is not an input to the quantitative risk analysis process.

Correct Answer

The Correct Answer for this Question is

The project’s cost management plan provides control that may help determine the structure for quantitativeanalysis of the budget.

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