How is qualitative risk assessment used to prioritize risks and aid in decision-making related to allocating resources to manage risks?

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How is qualitative risk assessment used to prioritize risks and aid in decision-making related to allocating resources to manage risks?

How is qualitative risk assessment used to prioritize risks and aid in decision-making related to allocating resources to manage risks? How would you qualitatively assess risk in your project? Please explain why having a solid if/then statement can help you better work through your qualitative assessment?

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