Question: Match the risk analysis method with the appropriate risk analysis description, tool or technique. 1.Best Case/Worst Case Analysis 2. What-If Analysis 3. Simulation Analysis 4

Match the risk analysis method with the appropriate risk analysis description, tool or technique.

1.Best Case/Worst Case Analysis

2. What-If Analysis

3. Simulation Analysis

4 Best Case/Worst Case Analysis

5. Simulation Analysis

A.

Plug in the most optimistic values for each of the uncertain variables and plug in the most pessimistic values for each of the uncertain variables.
B.

Crystal Ball
C.

A computer generates hundreds (or thousands) of scenarios by selecting random values in an unbiased manner for uncertain variables.

D.

Plug in different values for the uncertain variables and see what happens to the output.
E.

Beta Distribution

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