Describe the difference between Qualitative and Quantitative risk assessment
Answer | |
Quantitative Risk Assessments | Qualitative Risk Assessments |
It considers the risks which are marked for further analysis. | It consider all the risks identified in the identify risk process. |
It do the analysis of the highest priority risks | It prioritizes the identified project risks using a pre -defined rating scale. |
Based on project-level | Based on risk-level |
We required some bit of software for quantitative risk analysis. | We don't required any specific tools and softwares |
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