CAPM (Certified Associate in Project Management) Practice Exam

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Study for the Certified Associate in Project Management Exam with practice questions and answers. Enhance your understanding of project management principles and strategies to excel in the exam!

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What can be used in sensitivity analysis to determine high-impact risks?

Tornado diagram
Fishbone diagram
Pareto chart
Gantt chart

The correct answer is: Tornado diagram

The correct answer is A, Tornado diagram. A tornado diagram is commonly used in sensitivity analysis to determine high-impact risks. It provides a visual representation of the varying levels of impact that different risks can have on a project. By analyzing the tornado diagram, project managers can identify which risks have the potential to have the greatest impact on the project's objectives. Option B, Fishbone diagram, is a tool used in root cause analysis to identify causes that lead to a particular effect, not specifically for determining high-impact risks. Option C, Pareto chart, is a type of bar graph used to prioritize issues by focusing on the vital few causes rather than the trivial many. While Pareto chart can be useful in identifying the most significant factors contributing to a problem, it is not specifically designed for high-impact risk determination. Option D, Gantt chart, is a visual representation of a project schedule showing the start and finish dates of various elements of the project. While Gantt charts are essential project management tools, they are not typically used for sensitivity analysis to determine high-impact risks.