Risk analysis is the study of the underlying uncertainty of a given course of action and refers to the uncertainty of forecasted cash flow streams, variance of portfolio/stock returns, the probability of a project’s success or failure, and possible future economic states within the corporate, government, or environmental sector.

‘Risk Analysis’

A risk analyst starts by identifying what could go wrong

Quantitative Risk Analysis

Risk analysis can be quantitative or qualitative

Qualitative Risk Analysis

Qualitative risk analysis does not identify and evaluate risks with numerical and quantitative ratings

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