________ risk analysis consists of subjective techniques used to determine the probability of occurrence and the project impact of identified risks.
A) Qualitative
B) Quantitative
C) Consequential
D) SWOT

Question

Quizplus · Accepted Answer

Qualitative risk analysis uses subjective techniques such as expert judgement, probability-impact matrix, and risk categorization to assess the likelihood of occurrence and potential impact of identified risks. This approach is often used when there is limited data available or when the project team needs to quickly assess the risks. Quantitative risk analysis, on the other hand, uses numerical techniques such as simulation and modeling to calculate the probability and potential impact of risks. This approach requires more extensive data and analysis, and is used when there is a need for more precise risk evaluation. Consequential and SWOT analyses are not directly related to risk analysis.

________ Risk Analysis Consists of Subjective Techniques Used to Determine