Qualitative Risk Analysis Process

The abovementioned process falls within the 'Planning' process group of the 'Risk Management' knowledge area, as per PMI PMBok.

The Qualitative Risk Analysis process involves prioritization of identified risks, thereby enabling organizations to improve on project performance by focusing on high-priority risks. Risk priority is  identified using the probability of occurring, the impact on project objectives if realized, as well as time frame and risk tolerance of the project constraints of scope, schedule, cost and quality.

As this process continues throughout the project life cycle, RobustPMSM offers the Risk Management Implementation service to facilitate the successful implementation of the Qualitative Risk Analysis process.