Is this a True Quantitative statement? – A quantitative ri…
Is this a True Quantitative statement? – A quantitative risk analysis uses concrete (nonsubjective) numerical values and statistical analysis to calculate the likelihood and impact of risk. Quantitative methods use numerical values such as dollar figures, statistical numbers, and any other hard-core numerical assignments. Quantitative risk assessments follow the same general pattern described previously; you must first list your assets (along with their replacement costs and exposure factors), calculate the impact of a full or partial loss of the asset, determine the likelihood of the negative event, and come up with the overall risk to the organization.