4 Quantitative Analysis Models for Projects


4 Quantitative Analysis Models for Projects


Quantitative Analysis methods for projects allows Project Managers to consistently determine the probability and impact of each risk they have identified for a project.


Here the four major types of Quantitative analysis for projects.



A Sensitivity Analysis as a method places a value on the effect of changing a single variable within a project by analysing that effect on the entire project plan. 



Expected Monetary Value as a method assesses the average outcome of both known and unknown scenario for a project. It looks at the impact and probability of both known and unknown risk for a project. 


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qunatitative analysis methods



Decision Tree Analysis is one of the quantitative analysis methods for a project. It factors in both probability and impact for each variable, indicating the decisions providing the greatest expected value where all uncertain implications and subsequent decisions are quantified. At times, it allows a Project Manager to make decisions where two or more options are available for the Project Manager. 



This uses models or programs that calculate the potential impact of events based on the project, based on random impact value of the risk of your project. 


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Adeniyi Salau

Adeniyi Salau Scrum Master Certified , CCNA R&S , BeingCert and Scrum Certified Digital Marketing Professional, CEP, MOS, MCP, CSCU (Project 2016), Microsoft Certified Security and Networking Associate is a Google and Beingcert Certified Digital Marketer, Project Manager and SEO Expert of repute with about a decade of Blogging and online marketing experience. He is always ready to share his experience with others.

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