There are quantitative and qualitative risks in analyzing and evaluating risks. Complete Qualitative and Quantitative Tools and Techniques $($linked in Resources$)$ to analyze the application of qualitative and quantitative tools and techniques.

What is the difference between quantitative and qualitative risks? Provide one example of a qualitative risk and one example of a quantitative risk. Which type of risk, qualitative or quantitative, is easier to analyze? Which type of risk is easier to manage? Discuss a situation where you could use a qualitative or quantitative approach to risk evaluation.