QuestionQ1369

Risk Assessment

You are the project manager for your project and must analyze various project risks. You have chosen quantitative analysis rather than qualitative risk analysis.

What is the MOST significant drawback of using quantitative analysis instead of qualitative risk analysis?

  • A lower objectivity
  • B higher cost
  • C higher reliance on skilled personnel
  • D lower management buy-in
Explanation

Quantitative risk analysis requires additional time, reliable numerical data, modeling techniques, and often specialized tools and expertise. Its greater resource requirement makes it more costly than qualitative risk analysis.

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