The primary purpose of qualitative risk analytics is to rank, prioritize, and categorize risks for the purpose of determining and assessing if further analysis is justified to clearly articulate and quantify the risk. In this week’s assignment you are requested to qualitatively assess the three risks you identified in the week 2 assignment and assess if they could potentially require further quantitative analysis. Provide a two page summary of how you qualitatively assessed these risks using Scenario Analytics and Industry Fusion Analytics. It is important for you to conclude, by risk, if there is a need for further quantifiable analysis.
Please make sure that at least one risk must be eligible for further analysis using quantitative analytics techniques which we will study in week four and will be the subject of the future weekly assignment.
After selecting and qualitatively assessing your three risks, fill in the risk treatment and response plan form, and we will provide examples. If applicable, you should include an explanation as to why one or more of these risks are considered candidates for further quantitative analysis.
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