Episode 24: Qualitative and Quantitative Risk Assessment Explained
In this episode, we compare qualitative and quantitative risk assessment techniques, detailing their purposes and applications. Qualitative analysis focuses on factors like probability, impact, and detectability, using methods such as probability-impact matrices to prioritize risks. Quantitative analysis applies numerical data, simulations, and statistical models to measure potential effects in financial or time terms.
We also cover scenario and situational analysis, explaining how each approach supports decision-making and resource allocation. Examples demonstrate when qualitative methods offer speed and simplicity, and when quantitative methods provide deeper precision. This understanding will help you answer PK0-005 questions requiring you to choose the most appropriate risk assessment approach. Produced by BareMetalCyber.com, where you’ll find more cyber prepcasts, books, and information to strengthen your certification path.
