How much are you affected when an advertisement worth thousands of dollars, doesn’t reach the right audience? Do you have a plan to correct the issue, or will you be left scrambling to recoup as many losses as you can? Risk analysis helps identify risks before they happen, so you can effectively respond with the right plan of action. Using risk analysis for projects is … [Read more...] about 3 Occasions You Should Always Use Risk Analysis
qualitative risk analysis
What to Include in Your Risk Analysis Template
Risk analysis identifies the probability and impact of obstacles in a project. For every project, use qualitative risk analysis to uncover individual risks. You can follow up with quantitative risk analysis which provides the overall risk of a project. But that’s only necessary for big projects with big expenses. To assess the risks and know where to look for risks in a … [Read more...] about What to Include in Your Risk Analysis Template
4 Things You Need to Know About Qualitative Risk Analysis
Risks ruin projects. Because when left unchecked, they turn a successful project into a dead project. That’s expenses, cost, training and time burned away. We do risk analysis for two primary reasons: To eliminate them before they explode To create a plan of action to handle the explosion Qualitative Risk Analysis is an important method to identify risks. With … [Read more...] about 4 Things You Need to Know About Qualitative Risk Analysis
What You Need to Know About Quantitative Risk Analysis
Quantitative Risk Analysis explains the overall risk of a project once individual risks have been considered. Quantitative risk analysis is one type of analysis, but it usually follows after Qualitative Risk Analysis. The difference: Qualitative risk analysis identifies individuals risks. A little confusing, right? The two go hand-in-hand. But when to use quantitative risk … [Read more...] about What You Need to Know About Quantitative Risk Analysis