Question: This is a Risk management Analytics assignment The primary purpose of qualitative risk analytics is to rank, prioritize, and categorize risks for the purpose of
This is a Risk management Analytics assignment
The primary purpose ofqualitativerisk analytics is to rank, prioritize, and categorize risks for the purpose of determining and assessing if further analysis is justified to clearly articulate andquantify the risk. In this assignment you are requested toqualitativelyassessthethree competitive risks and assess if they couldpotentiallyrequire furtherquantitativeanalysis. You are then requested to provide a two pagesummaryof how youqualitativelyassessed these risks usingScenario Analytics andIndustry Fusion Analytics. I amnotexpecting you to perform a detailedqualitative riskassessment. In this class we are moreconcerned with the analytics-basedmethods and techniquesused in risk identification, assessment, and mitigation.I would only request that yousummarize what steps you would takeor have hypothetically taken toassessthelikelihood and impact for each of yourthree risks using the conceptual techniques described in the chapters. It is important for you to conclude, by risk, if there is a need for furtherquantifiableanalysis.
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