Exam CAPM topic 1 question 232 discussion

A. Tornado diagrams and influence diagrams Tornado diagrams and influence diagrams are the most commonly used charts and figures in Perform Quantitative Risk Analysis. Tornado diagrams visually represent the sensitivity of project outcomes to changes in specific variables. They help identify the risks that have the most significant impact on project objectives.   Influence diagrams are graphical representations of the relationships between variables and uncertain events. They help analyze complex risk scenarios and identify potential consequences.

A. Tornado diagrams and influence diagrams During the Perform Quantitative Risk Analysis process in project risk management, project managers often use charts and figures such as tornado diagrams and influence diagrams. These tools are helpful for analyzing and quantifying the impact of various risk factors on the project. Tornado Diagrams: Tornado diagrams are used to depict the sensitivity of project outcomes (such as cost or schedule) to different risk variables. They help identify which risks have the most significant impact on the project's overall performance. Influence Diagrams: Influence diagrams provide a visual representation of the relationships between various project variables, including risks and their potential impacts. They help project managers understand how different factors are interconnected and how changes in one variable can influence others.

A-Tornado Diagram and Influence Diagram-11.4.2.5