FILL BLANK Fill in the blank with the appropriate word. The ____________________risk analysis process analyzes the effect of a risk event deriving a numerical value.

Last Updated on August 11, 2021 by Admin 2

FILL BLANK

Fill in the blank with the appropriate word. The ____________________risk analysis process analyzes the effect of a risk event deriving a numerical value.

  • quantitative
Explanation:
Quantitative risk analysis is a process to assess the probability of achieving particular project objectives, to quantify the effect of risks on the whole project objective, and to prioritize the risks based on the impact to the overall project risk. The quantitative risk analysis process analyzes the effect of a risk event deriving a numerical value. It also presents a quantitative approach to build decisions in the presence of uncertainty. The inputs for quantitative risk analysis are as follows:
Organizational process assets
Project scope statement
Risk management plan
Risk register
Project management plan

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