Fill in the blank with the appropriate word. The ____________________risk analysis process analyzes the effect of a risk event deriving a numerical value

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Fill in the blank with the appropriate word. The ____________________risk analysis process analyzes the effect of a risk event deriving a numerical value.

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Answer: quantitative

Explanation:

Quantitative risk analysis is a process to assess the probability of achieving particular project objectives, to quantify the effect of risks on the whole project objective, and to prioritize the risks based on the impact to the overall project risk. The quantitative risk analysis process analyzes the effect of a risk event deriving a numerical value. It also presents a quantitative approach to build decisions in the presence of uncertainty. The inputs for quantitative risk analysis are as follows:

Organizational process assets

Project scope statement

Risk management plan

Risk register

Project management plan