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What are the two main forms of Risk Analysis?
There are two main forms of Risk Analysis:1. Qualitative Risk Analysis &2. Quantitative Risk AnalysisQualitative Risk AnalysisThis is used to prioritize risks by estimating the probability of the occurrence of a risk and its impact on the project.Quantitative Risk AnalysisThis is used to perform numerical analysis to estimate the effect of each identified risk on the overall project objectives and deliverables.Usually, you prioritize risks by performing qualitative analysis on them before you perform quantitative analysis. We will learn both one by one in the subsequent chapters.
What step in the composite risk management process is focused on determining the probability and severity of a hazard occurring?
Risk Assessment & Analysis – This is the step where we analyze all those risks identified in the previous step. We will shortlist only those important (high impact/probability) risks and move the lower priority/possibility risks to a watch list.
What is a negative risk?
A negative risk is something that is a bad or dangerous risk to take.
What is a sample of control risk?
risk control is when cows are born in the ocean risk control is when cows are born in the ocean
What are risk factors of suicide?
Death is the most significant risk.
