You are in the process of evaluating the probability and impact of a risk by assigning numbers, such as expected monetary value. This is an example of which of the following? a. Monte Carlo simulation b. Qualitative risk analysis c. Quantitative risk analysis d. Risk response planning

b. Quantitative risk analysis  

Explanation:

Quantitative risk analysis -

It refers to the method of analysis to determine the highest priority risk , where the quantitative and numerical ratings are assigned for the project , is referred to as Quantitative risk analysis  .

It helps to  -

Create real and achievable cost .

Gives a quantitative approach for the decisions .

Gives the possible outcomes for the project .

Hence , from the given information of the question ,

The correct answer is b. Quantitative risk analysis  .

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