Interviewing Stakeholders and Experts

Interviews with stakeholders and subject matter experts can be one of the first tools to quantify the identified risks. These interviews can focus on worst-case, best-case, and most-likely scenarios if the goal of the quantitative analysis is to create a triangular distribution; most quantitative analysis, however, uses continuous probability distributions. Figure 11-6 shows five sample distributions: normal, triangular, uniform, beta, and lognormal.

Continuous probability distribution examines the probability of all possibilities within a given range. For each variable, the probability of a risk event and the

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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