PM DQ Week 6

7/10/22, 3:08 PM 6-1 Discussion: Risk Analysis Techniques - QSO-640-X5527 Project Management 22TW5

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6-1 Discussion: Risk Analysis Techniques

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QSO-640-X5527 Project Management 22TW5 TM

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.

Qualitative risks are typically categorized by a group of experts to determine the probability and

the impact to project objectives. In responding to your peers, consider the next steps you would

take as project manager to assemble a group of experts to participate. Who would you select and

why?

To complete this assignment, review the Discussion Rubric document.

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6-1 Discussion Risk Analysis Techniques Jorge Cardenas posted Jul 10, 2022 1:14 PM

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The are many approaches that a project team to evaluate risk, but there are two approaches

that they may mostly likely choose. The first one is qualitative risk analysis and the second on

is quantitative analysis, these two risk assessments methods can be practiced in together or

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7/10/22, 3:08 PM 6-1 Discussion: Risk Analysis Techniques - QSO-640-X5527 Project Management 22TW5

https://learn.snhu.edu/d2l/le/content/1086066/viewContent/18824233/View 2/2

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Graduate

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