Original Source: Belinda Goodrich

Perform qualitative and perform quantitative risk analysis are two processes within the project risk management knowledge area, in the planning process group. Understanding the difference between the two processes may be tested on the PMP, CAPM, and the PMI-RMP exams.

While qualitative risk analysis should generally be performed on all risks, for all projects, quantitative risk analysis has a more limited use, based on the type of project, the project risks, and the availability of data to use to conduct the quantitative analysis…

Contributors: Open Source
Categories: Industry Articles, SIG U Resource
SRC Type: Risk Management, Sourcing Management, Third Party Management