PRINCE2 Exam PRINCE2-7-Foundation Topic 5 Question 19 Discussion

Qualitative analysis of a risk in PRINCE2 assesses, at a minimum, the likelihood of each risk occurring and its potential impact on project objectives. This analysis helps in prioritizing risks based on their severity and likelihood, which is crucial for effective risk management and decision-making about risk responses. Reference: (PRINCE2 7 Foundation Handbook, AXELOS)