Risk Analysis – Quantitative
Quantitative risk analysis is performed on high risks prioritized during Qualitative Analysis. The quantitative process analyzes those risk events and assigns a numerical rating. It also helps you make decisions in areas of uncertainty.

Quantitative Risk process uses techniques like Monte Carlo Simulation and decision tree analysis to:

• Quantify outcomes for the project and the probabilities.
  
  
• Assess the probability of achieving project objectives.
  
  
• Identify priority risks by quantifying their contribution to overall project risk.
  
  
• Identify realistic cost, schedule, scope and quality targets, given the project risks.
  
  
• Determine the best project decision when some outcomes are uncertain.