#BusinessEducation You cannot defeat danger without danger. | Trendfactory

#BusinessEducation
You cannot defeat danger without danger.

After identifying the risks that you may face you should assess their likelihood and possible damage.

The risk assessment is divided into two stages:

1. Qualitative analysis identifying factors that can lead to a decrease in the effectiveness of the project.

The main techniques for qualitative risk assessment are:

- "Brain storming" method
- Ranking method
- Analogy method

2. Quantitative analysis requires you to estimate the amount that you can lose.

The most popular methods are:

- Sensitivity analysis
- Analysis of the expected monetary value

The number of analysis methods is enormous. The choice of an assessment method depends on various factors, for example:

- Objectivity and reliability of information
- Qualifications and experience of team members
- Software resources

There is a method for teams of all levels to prepare for the complexities of a startup. Find your path to success and remember to constantly analyze what you are doing.