What is quantitative project risk analysis?

• Quantitative project risk analysis is the process of establishing the actual consequences of a risk event

  • In terms of time and money

• It may be used to determine

  • The degree of overall project financial exposure
  • The level of reserve funds to be set aside
  • The value of a claim after the fact

• The time dimension will depend on the urgency of recovery

  • And will influence the resulting cost

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