Risk Quantification: A Primer on Where to Start

Risk quantification is the future of risk analysis. It's not going away and will only gain more momentum over time. I am writing this post so you can get a head start on being prepared for the shift in the coming years.

Rather than give textbook definitions of the difference between qualitative and quantitative risk, here are some examples:

* Qualitative: "The likelihood is a 5 and the impact is a 2. 5 times 2 equals 10. On our heat …

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