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https://www.pm-podcast.com/253. At this year's PMI Global Congress Ricardo Viana Vargas (http://www.ricardo-vargas.com) proposed a mathematical process to turn the results of a qualitative risk analysis into numeric indicators to support better decision making regarding response strategies. It was titled "Adopting the Quadratic Mean Process to Quantify the Qualitative Risk Analysis". Or in short... Quantifying the Qualitative Risk Analysis. We review the risk management five-level scale for probability, the mathematical "quadratic mean" process involved to calculate the numerical exposure, and how you can quite easily apply this on your own projects. And yes, these are risk management strategies for agile projects too.
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