How to perform qualitative risk analysis?

• *The process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact. • Enables project managers to reduce the level of uncertainty and to focus on highpriority risks. • Is usually a rapid and cost-effective means to prioritize risks for Plan Risk Responses process. • Lays foundation for Perform Quantitative Risk Analysis process, if required. • Is performed regularly throughout the project life cycle. • Tools and techniques used are: ◦ Risk probability and impact assessment ◦ Probability and impact matrix ◦ Risk data quality assessment ◦ Risk categorization ◦ Risk urgency assessment ◦ Expert judgment 

International trainer ENG . Hassan Shalaby