The PMI process to perform quantitative risk analysis is part of the risk management knowledge area in the planning process group. In this process the already identified risks are ranked numerically.

According to the PMBOK, this activity has the following characteristics:

Inputs Tools and Templates Outputs
risk management plan, cost management plan, schedule management plan, risk register, enterprise environmental factors, organizational process assets data gathering and representation techniques, quantitative risk analysis and modeling techniques, expert judgment project documents updates

Perform quantitative risk analysis is described in section 11.4 of the PMBOK.

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