December 2013
Beginner to intermediate
288 pages
6h 18m
English
Content preview from The Project Management Tool Kit, 3rd Edition
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RISK PROCESS
66
Qualitative Risk Analysis (PMBOK® Guide 11.3)
| What: | Assessing and prioritizing known project risks. | |
| When: | Project planning and execution. | |
| Results: | Identification of the most severe project risks, based on relative probability and impact. |
Assess Listed Risks
Risk analysis involves using the processes defined in your project risk-management planning on each of the risks discovered in risk identification. Risk assessment is based on estimates of risk probability and risk impact. Qualitative analysis prioritizes project risks by combining range estimates for these two factors. Quantitative risk analysis uses specific numerical estimates to assess the consequences more precisely for significant project risks uncovered ...
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