Risk impact and probability

Submitted by Bouthj on Sun, 11/10/2013 - 10:13

 Hi,

i see exams that associate risk probability and impact analysis in the Qualitative Analysis and some in the Quantitative Analysis. Reading the PMBOK it seems clear it is part the the Qualitative Analysis.

Is this correct? Any thoughts that would help clarify this?

thanks

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admin

Sun, 11/10/2013 - 18:36

 yes probablity and impact are for Qualitative. Risk is qualified by its probablity and impact, 

ravindra_srinath

Mon, 11/11/2013 - 05:29

 probabibility and impact analysis is done in Qualitative analysis which is subjective. However the probabilistic analysis listing the possible completion or acheiveing time and cost objectives is done in Quatitative analysis..if the question states probablisitic analysis then this is done part of quatitative analysis which is the output of this process..

Bouthj

Mon, 11/11/2013 - 06:36

 Thanks for your help. So many details to remember!