Qualitative and Quantitative risk analysis Essay

Qualitative and Quantitative risk analysis - Essay Example It is also preferred in scenarios when the project specifics are not required by the organization. Qualitative risks are again commonly preferred over the quantitative risk analysis in areas where the risk categorization of risk is required by the organization (Garcia, 2009). Classification of the risks provides the management with the probability of risk originating in various departments is determined so as to take measures in case they occur. Qualitative analysis is preferred when the organization is small since the method is simple as the statistic can be easily analyzed as opposed to the complex analysis involved in the quantitative risk assessment with time consuming procedures (Garcia, 2009). Since it is simple, it requires little cost in the assessment which can be easily affordable to the management. Qualitative risk is used in scenes where there is no software by the organization as it does not need a specific for its analysis since the quantitative analysis must be performed by specific softwares which might be costly to the institution (Garcia,

Comparison of a leader and a manager Essay Example | Topics and Well Written Essays - 250 words

Comparison of a leader and a manager - Essay Example In addition to that, there is difference in the motivation level and control between a leader and a manager. According to (Nielson), a leader sets new and unique direction. Therefore, he should be able to justify the changes he suggests and show the validity of his approach. A manager helps in the application of ideas suggested by a leader and is responsible to make sure that the assigned tasks are completed by employees in time. In spite of these differences, a leader and a manager apparently share several important responsibilities. Both make heads of a team and coordinate teams to reach a goal. A final similarity between the two is that both exchange information in order to plan and direct. To sum up, leader and manager are much different, and yet alike. Although they differ in many areas such as people out look and motivation, they have several points in common. Furthermore, it can be said that both seek success.