So, you've identified your project risks and prioritized your risks using qualitative risk analysis. Should you perform quantitative risk analysis now? If so, what tools and techniques will you use? And how does quantitative risk analysis differ from qualitative risk analysis? Let's look at:
What is quantitative risk analysis?
When should we perform this analysis?
How does qualitative and quantitative risk analysis differ?
And let's look at the Expected Monetary Value (EMV) as an example.
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It is great to have a partner like Harry Hall for our project management training and development needs! Harry led our recent Chattanooga PMI Chapter meeting and refreshed us all about the importance of identifying & managing risks for our projects. You can feel Harry's passion for helping others make their projects a success. I have personally taken courses from Harry and use his content to train my project teams. He is a great resource and we really enjoyed having him with us. –Melissa Pateritas, President of the Chattanooga PMI Chapter