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Risk management and analysis:conclusions - part 2 E-mail
[...] If these elements are evaluated starting from a high-medium-low type criteria, the assessment will be qualitative.
To the degree to which each of these elements is quantified into independent objective indexes such as the monetary value of replacing the value of the asset or the annual occurrence rate for the frequency of the threat, risk assessment becomes predominantly quantitative.
If all the six elements we have mentioned above (including the psychological factors we have referred to) are quantified through objective independent indexes, risk assessment is fully quantitative, undergoing a series of statistic analyses.




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