Risk analysis is typically a two-step process: qualitative risk analysis

mravinjakag

mravinjakag

Answered question

2022-06-11

Risk analysis is typically a two-step process: qualitative risk analysis and quantitative risk analysis.
As a systems analyst, for which sorts of project management decisions would you use the results from qualitative risk analysis? From the quantitative risk analysis?

Answer & Explanation

podesect

podesect

Beginner2022-06-12Added 20 answers

Qualitative risk analysis is used to predetermine the risk associated with a project and is more subjective. the risks are scored based on their probability to occur .The risks are measured from 0 to 1 scale.
Quantitative analysis is basically used for those projects which are costly, large or which requires more Precise calculations. A number is assigned to all the elements of risk analysis

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