Quantitative Risk Analysis Process

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

The Quantitative Risk Analysis process is performed on risks that have previously been prioritized by means of the Qualitative Risk Analysis. The Quantitative Risk Analysis process analyzes the potential impact of these risks and assigns numerical ratings. This process also provides a quantitative approach to making decisions in the presence of uncertainty.

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