Qualitative Risks vs. Quantitative Risks

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Qualitative Risks vs. Quantitative Risks:

Qualitative Analysis: In this process, a complete and a thorough analysis is done either before or during planning of the project. QA is designed to determine the degree of probability and resulting impact of a certain risk. A high probability risk necessitates proactive response as opposed to risks of low probability. The same applies to high impact and low impact risk. It prioritizes the risk through the process of planning, monitoring and control.

Quantitative Risk Analysis: Quantitative Risk Analysis is…

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