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CISSP - Domain 1 - Security and Risk Management
Qualitative risk analysis provides a rapid, cost-effective method for assessing risks based on their probability of occurrence and potential impact. This approach uses descriptive scales—typically ranging from very low to very high—to categorize risks without precise numerical calculations. Project managers evaluate each identified risk through expert judgment, historical data, and stakeholder input.

Quantitative risk analysis employs numerical methods and statistical techniques to measure risk exposure with greater precision. This approach assigns specific monetary values or percentages to risk probability and impact.Organizations can determine contingency reserves, evaluate return on investment for risk mitigation strategies, and make data-driven decisions about risk acceptance or transfer