RISK PROCESS69Qualitative Risk Analysis (PMBOK® 11.3, Perform Qualitative Risk Analysis)
What: |
Assessing and prioritizing known project risks. |
When: |
Project planning, execution, and control. |
Results: |
Identification of the most severe project risks, based on relative probability and project impact. |
Understand Risk Assessment
Risk analysis involves using the processes defined in the project risk-management planning on each of the risks listed as a result of risk identification. All assessment of risk depends on determining risk probability and risk impact. Qualitative analysis combines range estimates of these two factors to prioritize project risks. Quantitative risk analysis depends on numerical estimates to determine the precise consequences ...
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