127k views
4 votes
What name is given to a risk-analysis method that uses relative ranking to provide further definition of the identified risks in order to determine responses to them?

User Aup
by
5.5k points

1 Answer

3 votes

Answer: Qualitative Risk Analysis

Step-by-step explanation:

Qualitative Risk Analysis is the technique through which measures the amount of risk related wit any problematic and hazardous situation.

  • Evaluation of risk and danger is further processed in uncertain situations.
  • Probability of occurrence of risk, different outcomes of unexpected situation or event ,significant result etc is assessed through this method.
  • Risk is prioritized according to the evaluation extracted from qualitative risk analysis.

User Kourosh
by
4.5k points