HOW TO USE QUANTITATIVE RISK ANALYSIS businessmarkets.org

Risk analysis is the process of analysing and identifying potential issues that may or may not have any negative effect on the progress of a company. Companies use this process to take initiatives to avoid and mitigate the risks. It is not only important but vital for companies to assess the risk and sort out the most suitable strategies to reduce the adverse effects of an upcoming event. Broadly, you can conduct risk analysis in two ways: qualitative as well as quantitative risk analysis.