Discuss the below:
What are the differences between qualitative and quantitative risk analysis? Explain.
When is each type of analysis appropriate? Explain.
What type of analysis will you use for the IRTC customer service system project? Why?
References
A Guide to the Project Management Body of Knowledge (PMBOK Guide) (5th ed.). (2013). Project Management Institute.
Chung, E. (2017, April 20). Project Risk Management: Qualitative vs Quantitative Analysis for PMP Exam.
Dash, S. N. (2015, August 25). PMP Prep: Qualitative vs. Quantitative Risk Analysis.
Larson, E. W. (2014). Project Management: The Managerial Process (Sixth ed.). New York: McGraw-Hill Education.
Qualitative Risk Analysis and Assessment. (n.d.).
Rossi, P. (2007). How to link the qualitative and the quantitative risk assessment. Paper presented at PMI® Global Congress 2007-EMEA, Budapest, Hungary. Newtown Square, PA: Project Management Institute.