Question: There are quantitative and qualitative risks in analyzing and evaluating risks. Complete Qualitative and Quantitative Tools and Techniques ( linked in Resources ) to analyze
There are quantitative and qualitative risks in analyzing and evaluating risks. Complete Qualitative and Quantitative Tools and Techniques linked in Resources to analyze the application of qualitative and quantitative tools and techniques.
What is the difference between quantitative and qualitative risks? Provide one example of a qualitative risk and one example of a quantitative risk. Which type of risk, qualitative or quantitative, is easier to analyze? Which type of risk is easier to manage? Discuss a situation where you could use a qualitative or quantitative approach to risk evaluation.
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