Nate-GB

Search

Search IconIcon to open search

Qualitative Risk Assessment

Last updated Feb 27, 2023

Focused on identifying significant risk factors. Based off of opinions of which risk factors are significant rather than calculations, like in Quantitative Risk Assessment. A simple method of qualitative risk assessment is the traffic light impact matrix. For each risk, a red, yellow, or green indicator can be put into each column to represent the severity of the risk, its Likelihood, cost of controls, and so on.