Explanation/Reference:
Explanation:
Organizational process asset is not a tool and technique, but an input to the quantitative risk analysis process. Quantitative Risk Analysis is a process to assess the probability of achieving particular project objectives, to quantify the effect of risks on the whole project objective, and to prioritize the risks based on the impact to overall project risk. Quantitative Risk Analysis process analyzes the affect of a risk event deriving a numerical value. It also presents a quantitative approach to build decisions in the presence of uncertainty. The inputs for Quantitative Risk Analysis are:
Organizational process assets

Project Scope Statement

Risk Management Plan

Risk Register

Project Management Plan

Incorrect Answers:
A: Data gathering and representation technique is a tool and technique for the quantitative risk analysis process.
B: Expert judgment is a tool and technique for the quantitative risk analysis process.
C: Quantitative risk analysis and modeling techniques is a tool and technique for the quantitative risk analysis process.

is incorrect. This is one of the parameters that is considered but is not as important as considering cost of response. The importance of the risk is determined by the combination of likelihood and magnitude levels along with its position on the risk map. Answer:B is incorrect. This parameter is considered after analyzing the cost of response, which will further decide the level of sophistication of risk response. The enterprise's capability to implement the response means that if the risk management process is mature then the risk response is moreAnswer:D is incorrect. Efficiency of response can only be analyzed after applying the response. So it is the latter stage in selection of response.

Section: Volume D

Section: Volume A
Explanation:
Cost performance index (CPI) is used to calculate performance efficiencies of project. It is used in trend analysis to predict future performance. CPI is the ratio of earned value to actual cost.
If the CPI value is greater than 1, it indicates better than expected performance, whereas if the value is less than 1, it shows poor performance.
Incorrect Answers:
B: CPI is the ratio of earned value to actual cost, i.e., CPI = Earned Value (EV) / Actual Cost (AC).
C: Cost performance index (CPI) is used to calculate performance efficiencies of project and not its schedule.
D: The CPI value of 1 indicates that the project is right on target.