Tony is developing a business continuity plan and is having difficulty prioritizing resources because of the difficulty of combining information about tangible and intangible assets. What would be the most effective risk assessment approach for him to use?
A. Quantitative risk assessment
B. Qualitative risk assessment
C. Neither quantitative nor qualitative risk assessment
D. Combination of quantitative and qualitative risk assessment
SOLUTIONS
D.
Tony would see the best results by combining elements of quantitative and qualitative risk assessment. Quantitative risk assessment excels at analyzing financial risk, while qualitative risk assessment is a good tool for intangible risks. Combining the two techniques provides a well-rounded risk picture.
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