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Describe the difference between Qualitative and Quantitative risk assessment

Describe the difference between Qualitative and Quantitative risk assessment

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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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