Why is it important (in the context of systems engineering management) to become familiar with analytical methods? provides some specific examples.

Explained

Explanation:

Analytical methods are used for Risk management in the system's engineering department and it is therefore, important to be familiar with it. Many processes and practices such as identifying, measuring, managing risks in engineering systems are done using these analytical methods. In all types of systems analytical methods such as analyzing and measuring are needed. It also helps in risk aversion and risk reduction by balancing risk. Also the decision making is becomes better when these methods are employed. In advanced as well as  traditional systems there is a need to manage risk and these methods are always beneficial in doing that.