Qualitative risk analysis identifies the probability that a risk may occur and t

Qualitative risk analysis identifies the probability that a risk may occur and the potential impact that the risk would have, were it to occur. Quantitative risk analysis takes this assessment one step further in that it breaks down risks and employs a numerical value to evaluate risk probability and impact. Both processes include gathering information and data and result in risk register updates. The most notable tools for risk analysis include decision trees, probability tables, and a Monte Carlo analysis, which involves software to simulate project characteristics and potential outcomes. Most of the time, people view risks as a bad thing; however, sometimes risk can be very good.
Research the story of Ford Motor Company and how they have managed risk over time (especially in the Great Recession of 2008).
Write a 2-page explanation on how the company managed risk and excelled when other companies in the industry were failing.

Qualitative risk analysis identifies the probability that a risk may occur and t
Scroll to top