Question

→ XC A D Question 13 4 pts Which one of the following statement(s) is (are) not correct? Risk analysis is primarily used to: a) Find the opportunity with the greater ROI (return on investment) potential. b) Find the opportunity with the greater risk. c) All of the above. d) Describe the range of possible outcomes and their consequences. c) All of the above. D Question 14 4 pts Which one of the following methods is (are) more appropriate for complex multifaceted project uncertainty analyses? a) Sensitivity analyses. b) Break-even analyses. c) Scenario analyses. d) Probabilistic methods. d) Probabilistic methods. O

please answer both questions

Answer 1

ANS

Option B and C are not correct, option B is not correct as risk analysis does not tell about the oppurtunity with greater risk but tells finds the oppurtunity with least risk and tells about how much risk is involved in different projects in the industry. Option C is wrong as all the options are not wrong. Option A is correct about risk analysis as it is used to find the oppurtunity with greater ROI and which tells about the project with least risk and option D is right as only after knowing the risk analysis we can know the conequences of actions.

ANS

Option C and D. Scenario Analysis and Probabilistic methods. These two methods are used for complex multi faceted project uncertainty analysis as both of these methods take into consideration of different outcomes and their possibility but break even analyses cannot work in this situation as it is only a financial amd cost model tool and sensitivity analysis cannot work in this situation as it does not identify the probability of change of variable.