Risk Analysis Method

The technique used to analyze the risks associated with a project. Specific categories of risk analysis methods are:

1. Qualitative - based on project characteristics and historical data (check lists, scenarios, etc.).

2. Risk models - combination of risks assigned to parts of the estimate or project to define the risk of the total project.

3. Probabilistic models - combining risks from various sources and events (e.g., Monte Carlo, Latin hypercube, decision tree, influence diagrams, etc.).