Question: Your team is using the project risk register and has started a quantitative assessment of the risks. You tell your team that it is better
Your team is using the project risk register and has started a quantitative assessment of the risks. You tell your team that it is better to start with qualitative analysis first. What reasons do you give your team for this decision?
A: Quantitative analysis takes the numerical values assigned during the qualitative process and adds a more intuitive interpretation of the risks.
B: Qualitative analysis provides accurate numerical values based on probability and impact that can then be quantified.
C: There is no particular reason why one should be done before the other. It is just the way your organizational processes require the process to be completed.
D: Qualitative analysis provides a subjective and rapid means of prioritizing risks and indicating which risk can have quantitative analysis applied to them.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
