Risk

The Risks Hidden in Single Point Estimates

Building a spreadsheet model for a business case, product profitability projection, etc. often entails estimating some input factors.  The estimates are often a most likely value, an estimated average, or median.  These are single-point estimates since you’re only using one number (a single data point) for each input.  Finally, you get an output number from …

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Project Risk Analysis - Hanging Climber

Qualitative vs. Quantitative Project Risk Analysis – What’s the Difference?

As part of risk management, a project risk analysis is performed to assess the impact of risks and the probability of the risk occurrence.  In this article we will look at the differences between qualitative and quantitative project risk analysis. To see how project risk analysis fits within risk management, please refer to this article. …

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