Question

In: Operations Management

When managing activity risk, you can use ____ to determine the source and type of any...

When managing activity risk, you can use ____ to determine the source and type of any significant risks

Select one:

a. Qualitative Risk Analysis

b. Quantitative Risk Analysis

c. Root Cause Analysis

d. Monte Carlo Simulation

Solutions

Expert Solution

​Answer: (c) Root Cause Analysis

Explanation: As the name suggests, Root Cause Analysis also known as RCA is a method to identify risks on the basis of their root causes and categorize them according to the types of causes that triggers a risk. In RCA, the potential sources of risks are identified and the sources that causes an undesirable event to occur. When managing activity risk, a project manager can use root cause analysis to determine the source and type of any significant risks in the system.


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