- According to the Project Management Institute (PMI)® A Guide to the Project Management Body of Knowledge (PMBOK® Guide), Fifth Edition, 2013, both qualitative and quantitative risk analysis techniques are used to prioritize and determine the likelihood of risks. Compare and contrast quantitative versus qualitative analysis, and discuss two situations that warrant only the use of qualitative analysis.
Qualitative risks are typically categorized by a group of experts to determine the probability and the impact to project objectives. - Discuss the power of clustering and association models. Give an example of a company that collects or uses data for various reasons. How can clustering or association models help the company complete the sentence “You might also be interested in .
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