Describe the two basic functions of the qualitative risk analysis
othereyeshmt4l
Answered question
2022-05-09
Answer & Explanation
Brennan Frye
Beginner2022-05-10Added 20 answers
1) Risk Identification;; The first is thw step identification that involves indentying what are the risk associted with the project so that we can find out alternatives to cope with that. Also, we will pook into hwta measures we will take in order to increase the productivity of the project.
2) Risk Estimation; The second is the risk estimation that involves estimating theakor consequences that will happen if something happened dueing the project is work wnd thus,estimation plays an important role.
The reason why a project manager should perform a qualitative risk analysis prior to quantitative risk analysis is being given below:
1) The qualitative risk analysis gives us the reason why the brand will loss thw customers if any and quantitative will helps us in following how much we actually hoing tk lose.
2) Qualitative gives thw reasons to understand what should not done or what should be yaken into consideration and quantitative will hel us in measuring those in actual numbers.
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