1. Qualitative Risk Analysis and Management
Qualitative risk analysis includes methods for prioritizing the identified risks for further risk response planning. The methods of qualitative risk analysis are applied to the list of risks created or updated by the Identify Risks process to provide project management with the characteristics of the risks that have the most influence (positive or negative) on achieving the project's objectives. ... Projects are required to utilize qualitative analysis as well as quantitative. ... The analysis enables project teams to address the project risks and uncertainties. ... Risk Response Planni...
- Word Count: 694
- Approx Pages: 3
- Grade Level: Undergraduate