Risk · PM Glossary

Quantitative Risk Analysis

Numerically analysing the combined effect of risks on project objectives, using techniques such as EMV, decision trees and Monte Carlo simulation.

Example

Monte Carlo shows only a 35% chance of finishing by the target date.

Explore PMPORT

Free PMP Exam Simulator. Five full-length PMP practice exams with 900 original questions, case studies, timed sections and results by domain.
PMP Exam Preparation. PMP exam preparation and project management training: video lessons, quizzes, project math practice and a question bank.
PM Knowledge Lake. Articles on the PMP mindset, why projects fail, AI for project managers and business analysts, and project management in Canada.
PM Artifacts Lab. Free browser tools: project charter, risk and stakeholder registers, earned value, process diagrams and PERT/CPM critical path.
PM LearningLink. 200 popular free YouTube channels and websites for project management, business analysis, data analytics and coding.
PM DataLab. Free graded practice in SQL, Excel, Power BI DAX, Python and status reporting, all on one sample project dataset.
PM Playground. An interactive project simulator: change team size, WIP, overtime, testing and scope change and watch schedule, cost, quality and morale respond week by week.
PM Calculators. Free earned value, PERT, risk EMV, NPV/ROI, Monte Carlo and sprint capacity calculators, each with formulas and a worked example.
PM Glossary. More than 200 project management, agile and business analysis terms explained in plain English with examples.
PMPortLive Videos. Short videos that explain one project management or business analysis concept at a time.
PM JOBS Prep. Practical guidance and practice questions for project manager, PMO analyst and business analyst job interviews.
PM HandAid. A quick reference for everyday project management tasks, terms and techniques.
PM Events & Gallery. Community events, PMI South Saskatchewan activities and posts from LinkedIn and Facebook.
About Md Alamgir Hossain. PMP-certified project and program management professional in Regina, Saskatchewan.
About PMPORT. Why PMPORT exists: project management, business analysis, technology and data in one place to learn and practise.

Share this page: LinkedIn · Facebook · X

Quantitative Risk Analysis

Example

Related terms