Why a project manager should perform qualitative risk analysis before quantitative risk analysis: Prioritization: Qualitative risk analysis gives a preliminary ranking of risks based on their reported impact and probability. This prioritizing assists the project manager in determining which risks warrant more investigation and management efforts. Without this preliminary evaluation, it would be difficult to decide which risks are the most essential and demand prompt attention during quantitative analysis. Resource Allocation: Quantitative risk analysis often takes more time, effort, and resources than qualitative analysis. The project manager can better allocate resources by completing a qualitative analysis first. They can concentrate quantitative analysis efforts on high-priority risks, making sure that the most serious threats are properly examined while avoiding wasting resources on fewer important risks