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Chapter 16
1. Discuss the integration of risk analysis and cost-estimating procedures in the context of quantitative cost analysis for a project.
2. Compare the advantages and disadvantages of defining distributions in terms of histograms or ‘smooth' distribution forms.
3. Discuss the benefits of using spreadsheets and tools like @Risk for quantitative risk modeling.
4. Why are dependence and correlation important in quantitative risk models?
5. What will determine the amount of detail included in a model?
6. What could it mean if a model's outputs present a different picture from that expected by the project team?
Chapter 17
7. What are the main differences between modelling schedule uncertainty and schedule planning, and what are their implications?
8. Discuss three different approaches to building a quantitative schedule risk model, and their advantages and disadvantages.
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Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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