Types of analysis

Risk analysis regarding an alliance may be more or less detailed, depending on the risk, the purpose of the analysis, and the information, data and resources available. Analysis may be qualitative, semi-quantitative, quantitative or a combination of these, depending on the circumstances.

Some alliance risk estimates are imprecise and a sensitivity analysis should be carried out to test the effect of uncertainty in the assumptions and data. Sensitivity analysis is also a way of testing the appropriateness and effectiveness of potential controls and risk treatment options.