What type of risk assessment is generally considered more valuable, but more difficult to obtain?Select one:a. Qualitativeb. Quantitativec. ISO 31000:2012d. NIST RMF
Question
What type of risk assessment is generally considered more valuable, but more difficult to obtain?Select one:a. Qualitativeb. Quantitativec. ISO 31000:2012d. NIST RMF
Solution
The answer is b. Quantitative.
Here's why:
a. Qualitative risk assessment: This type of risk assessment is based on a subjective analysis of risks, using methods such as expert opinion, intuition, and historical data. It's generally easier to obtain because it doesn't require as much detailed data.
b. Quantitative risk assessment: This type of risk assessment is based on numerical values or metrics, such as probability and impact. It's generally considered more valuable because it provides a more objective and measurable analysis of risks. However, it's more difficult to obtain because it requires detailed data and complex mathematical calculations.
c. ISO 31000:2012: This is a standard for risk management, not a type of risk assessment.
d. NIST RMF: This stands for National Institute of Standards and Technology Risk Management Framework. It's a framework for managing risks, not a type of risk assessment.
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