Discussion Post Risk Analysis Techniques

According to the Project Management Institute (PMI)® A Guide to the Project Management Body of Knowledge (PMBOK® Guide), Fifth Edition, 2013, both qualitative and quantitative risk analysis techniques are used to prioritize and determine the likelihood of risks. Compare and contrast quantitative versus qualitative analysis, and discuss two situations that warrant only the use of qualitative analysis. Use examples in the discussion where you have used quantitative and qualitative analysis.