Risk - Assessing Risk

3 important questions on Risk - Assessing Risk

What is meant by High, Medium and Low regarding risks?

Depends on the project and the risk tolerance the company applies.

How do we assess the impact of individual risks?

Through qualitative assessment (non complex projects)

How do we assess the impact of risks on more complex projects?

Through combined quantitative analysis

The question on the page originate from the summary of the following study material:

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