Qualitative Vs Quantitative Analysis
Quiz
Select 6 possible endings to make correct assertions.
Quantitative analysis...
- uses ordinal rating to express probability/impact.
- is easy to explain and use.
- is not costly to produce.
- involves simple calculation.
- uses numbers to express probability/impact.
- deals mainly with schedule and cost.
- is costly and consumes more time.
- uses computers.
- is quicker.
- prioritizes potential risks.
- looks for trends for project risk.
- determines consequences for project objectives.
- is more rigorous.
- has an impact on overall project risk.