Answer:
Step-by-step explanation:
.Quantitative risk analysis and qualitative risk analysis are two different approaches to managing risks in a project. Quantitative risk analysis is more detailed and accurate in assessing and managing risks than qualitative risk analysis. Here are the benefits of using quantitative risk analysis over qualitative risk analysis Quantitative risk analysis provides accurate data that helps in understanding the impact of risks on the project's objectives. By using mathematical models, simulations, and statistical tools, quantitative risk analysis provides a more precise estimate of the probability and impact of risks.
2. Allows for Better Decision-Making: Quantitative risk analysis allows for better decision-making by providing data on the likelihood and severity of risks. This information can help project managers make informed decisions about whether to accept, mitigate, or avoid a risk.