Qualitative risk analysis

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Nathan
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Qualitative risk analysis

Post by Nathan » Thu Mar 24, 2016 3:25 pm

Are fields in Risk Information Dialog box (cost, trigger, etc.) linked to quantitative risk analysis?

Intaver Support
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Re: Quantitative risk analysis

Post by Intaver Support » Thu Mar 24, 2016 3:32 pm

Quick answer is no, this information is not used in the quantitative analysis, rather is part of the risk planning/management capability. If you are performing quantitative risk analysis, you can calculate the cost of the risk by turning risks off and on and using the difference in cost (or schedule) as the expected cost of the risk. This can then be entered in the Risk Properties and become the basis for the cost benefit analysis of particular risk handling strategies.

The same can be done for risk triggers. If you want to model this in the schedule, you can correlate risks to approximate this relationship.

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