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The Project Management Tool Kit: 100 Tips and Techniques for Getting the Job Done Right by Tom Kendrick

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Quantitative Assessment

Quantitative risk analysis applies processes defined in the project risk management planning on risks determined using risk identification. Generally qualitative risk assessment is done for all listed risks, to determine which project risks may justify more precise quantitative analysis. Quantitative analysis requires greater effort, but it generates absolute estimates of risk probability and impact for the most severe project risks.

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