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PMI Risk Management Professional · PMI
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- Qualitative risk analysis uses subjective ratings (such as high, medium, low or 1-5 scales) to assess probability and impact, while quantitative risk analysis uses numerical values (such as specific dollar amounts, percentages, or durations) to analyze risk effects. Qualitative analysis provides a prioritized list of risks, while quantitative analysis provides a numerical estimate of overall project risk exposure and specific risk impacts.