Episode 253: Quantifying the Qualitative Risk Analysis (Free)
This episode is sponsored by The Agile PrepCast for The PMI-ACP Exam:
This interview with Ricardo Viana Vargas was recorded at the PMI Global Congress 2013 North America in New Orleans.
At this year's PMI Global Congress Ricardo Viana Vargas (https://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.

This interview with Jack P. Ferraro was recorded at the PMI Global Congress 2013 North America in New Orleans.
This interview with Anne Pauker Kreitzberg was recorded at the PMI Global Congress 2013 North America in New Orleans.
This interview with Rich Maltzman was recorded at the PMI Global Congress 2013 North America in New Orleans.
This interview with Samad Aidane was recorded at the PMI Global Congress 2013 North America in New Orleans.
This interview with Jesse Fewell was recorded at the PMI Global Congress 2013 North America in New Orleans.
This interview with Stephen Townsend was recorded at the PMI Global Congress 2013 North America in New Orleans.
This interview with Frank Saladis, PMP was recorded at the PMI Global Congress 2013 North America in New Orleans.



If you want to know what the “best” way is for you to manage cost, time, resources or quality on your project, then you can open the PMBOK Guide or turn to any of a dozen project management methodologies out there and they will guide you. But what about the best for you as a project manager to be productive and organized? Where can that be found? Personally I don’t recall a single PM methodology or framework that addresses your or my work style and gives us the tools to improve.
In our first interview with Mario Henrique Trentim (



Go ahead... ask a few people whether they think that preparing for and passing the PMP exam will actually make someone a better project manager. Most of them will tell you that they think not.