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RISK mgmt

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dipti5ece
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Joined: Tue Sep 09, 2014 8:31 am

RISK mgmt

Postby dipti5ece Mon Dec 01, 2014 8:38 am

Hi,

In some scenarios its said that we can bypass the Perform Quantitative risk analysis.

What are such scenarios where we can avoid.

Thanks
Dipti Raisoni
signor_rk
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Re: RISK mgmt

Postby signor_rk Mon Dec 01, 2014 12:44 pm

Quantitative Risk Analysis is time consuming , more costlier as compared to the Qualitative Risk Analysis. So , wherever sufficient data is not available to develop appropriate Risk Models , followed by time or fund constraints , in that case it is preferred to go for Qualitative Risk Analysis on the basis of Expert Judgement by the Project Manager.
Regards ,

Ranjit

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