Fill in the blank with the appropriate word. The primary goal of _________________ risk analysis is to determine the proportion of effect and theoretical response

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Fill in the blank with the appropriate word. The primary goal of _________________ risk analysis is to determine the proportion of effect and theoretical response.

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Answer: qualitative

Explanation:

Qualitative risk analysis uses the likelihood and impact of the identified risks in a fast and cost-effective manner. Qualitative risk analysis establishes a basis for a focused quantitative analysis or risk response plan by evaluating the precedence of risks with a view to impact on the project’s scope, cost, schedule, and quality objectives. Qualitative risk analysis is conducted at any point in a project life cycle. The primary goal of qualitative risk analysis is to determine the proportion of effect and theoretical response. The inputs to the qualitative risk

analysis process are as follows:

Organizational process assets

Project scope statement

Risk management plan

Risk register