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Additional and more advanced project man... > Additional and more advanced project... - Pg. 174

174 Managing projects Additional techniques and tools Quantitative risk assessment techniques (e.g. sensitivity analysis, probabilistic such as Monte Carlo assessments) Why When qualitative risk assessment is not sufficient To understand absolute risk levels To determine cumulative risk levels Complex or non-trivial requirements Uncertainty and ambiguity in requirements You want to level the rate of resource use, or to manage resources across multiple projects To improve the design of, and maximise the value of, deliverables To maximise the value an organisation receives from a project investment Requirements collection and business analysis techniques Resource management techniques (e.g. resource levelling, resource smoothing) Value engineering Value management brilliant recap Project management provides a very wide range of tools and processes. All project managers understand the core tools and processes. The best project managers are familiar with a broader set of tools and techniques, and tailor their use to the needs of the individual project.