tag:blogger.com,1999:blog-4938610534293001388.post171326327474223432..comments2024-03-25T22:09:23.925+05:30Comments on MANAGEMENT YOGI: PMP Prep: Qualitative Risk Analysis vs. Quantitative Risk AnalysisUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4938610534293001388.post-8893684902558887152015-12-18T09:04:09.144+05:302015-12-18T09:04:09.144+05:30Unknown,
QTRA numerically analyzes the effect of ...Unknown,<br /><br />QTRA numerically analyzes the effect of the identified risks on overall project objectives - schedule objectives, cost objectives and so on. It is used to find out the combined effects of risks, simultaneously acting together, and then affecting the project objectives. A quantified value, usually in terms of cost or schedule is given to assign numerical priority to those risksManagement Yogihttps://www.blogger.com/profile/11991834170450547206noreply@blogger.comtag:blogger.com,1999:blog-4938610534293001388.post-12604118496684560612015-12-18T03:32:27.862+05:302015-12-18T03:32:27.862+05:30Firstly, thank you for providing such a detailed e...Firstly, thank you for providing such a detailed explanation. ... <br /><br />I am a bit confused as why the QTRA is focused more on the calculation of overall project risk, whereas in my opinion the individual risks gets more highlighted in QTRA. <br />Is QTRA performed on every risk which cross the tolerance limit set by the organisation or is it only used as a tool to analyse the impact valueAnonymoushttps://www.blogger.com/profile/01282396386770847945noreply@blogger.com