Perform Quantitative Risk Analysis, analyzing the effect of identified individual project risks and other sources of uncertainty on overall project
objectives and overall project risk exposure. Using the risk register, you will perform a quantitative analysis on the high exposure "red" positive and
negative risks. Use the recorded highest level combined probability and impact risks.
Quantitative data analysis techniques that may be used during this process but are not limited to simulations such as Monte Carlo analysis; sensitivity
analysis such as the tornado diagram; decision tree analysis; expected monetary value; fault tree analysis; sensitivity analysis and influence
diagrams. The quantitative analysis will provide additional information to support risk response planning.
In addition, you will create detailed response plans for the identified negative risks. This should include both proactive responses and reactive
contingency plans as appropriate. The response plans will show how implementing the risk response plan for negative risk should have minimized the
probability of occurrence and Impact.