What Is a Good Risk?
If qualitative risk is more subjective, explain why it is beneficial to use certain risks under certain conditions. Especially in procurement, can you justify why you would choose a quantitative risk over a qualitative risk? Is a qualitative discussion really more data driven? Explain this and then determine what a good risk to take is. Provide specific examples.
Qualitative Tools for Examining Risk
Select a qualitative tool. Explain where and how one would use a qualitative tool in examining risk. What type of information would you expect to garner from a qualitative tool?
