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qualitative and quantitative merits in project management

After identifying risks, ranking is critical to resource allocation. This allows for the identification of critical risks. Risk assessment is just as important, if not more important, to risk identification. In addition to qualitative risk assessment such as SWOT, Delphi Technique, and brainstorming, quantitative risk assessment such as EVM and Pareto Analysis can also be conducted.
•If you are conducting a risk assessment for a project, how much value can you put on EVM and the Pareto Analysis and why?
•What are the merits and demerits of qualitative and quantitative risk management techniques?

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•If you are conducting a risk assessment for a project, how much value can you put on EVM and the Pareto Analysis and why?
Since both are involved with the time management costs and the value to the company, they are very important. If a company only did projects based on qualitative reasons, they might find themselves losing more money because the project is good, the exposure is good, the project is a budget ...

Solution Summary

Discussions about the value of qualitative and quantitative methods of evaluating projects.

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