Applying Sensitivity Analysis

Sensitivity analysis examines each risk to determine which one has the largest impact on the project's success. All other risks in the project are set at a baseline value and then compared against all of the other risks individually. The individual risk is then examined to see how it may affect the success of the project. The goal of sensitivity analysis is to determine which individual risks have the greatest impact on the project's success and then escalate the risk management processes based on these risk events. The tornado diagram is most likely to be used when completing sensitivity analysis.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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