You and your project team have identified the project risks and now are analyzing the probability andimpact of the risks. What type of analysis of the risks provides a quick and high-level review of eachidentified risk event?
You and your project team have identified the project risks and now are analyzing the probability andimpact of the risks. What type of analysis of the risks provides a quick and high-level review of eachidentified risk event?
I'm a bit confused on the difference between quantitative and qualitative risk analysis. I'll need to review those concepts again before answering this.
The risk probability-impact matrix seems like the best option here. It lets you visualize the risks and prioritize them based on their likelihood and impact.
I think the qualitative risk analysis would provide a quick and high-level review of the risks. It's more subjective, but can give a good overall sense of the risks.
Felix
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