Instructions: Analyze various tools and techniques for performing both a qualitative and quantitative analyses. Research and write an evaluation on three of the listed tools and techniques for both qualitative and quantitative risk analysis, for a total of six tools and techniques.

◦For qualitative analysis:
◦Risk probability and impact assessment.
◦Risk data quality assessment.
◦Risk categorization.
◦Risk urgency assessment.
◦Expert judgment.
◦Bubble diagramming.
◦Risk prioritization chart.

◦For quantitative analysis: ◦Interviewing.
◦Probability distributions.
◦Sensitivity analysis.
◦Expected monetary value analysis.
◦Modeling and simulation.
◦Monte Carlo analysis.

◦Then, write a summary that includes the following: ◦Description of the tools or techniques.
◦Advantages and disadvantages of the tools or techniques.

 
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