Qualitatively Assessing Risk

Qualitative risk analysis allows expert judgment and experience to assume a prominent role. To assess risk qualitatively, you compare the impact of the threat with the probability of occurrence. For example, if a threat has a high impact and a high probability of occurring, the risk exposure is high and probably requires some action to reduce this threat (see darkest box in Figure 17-3). Conversely, if the impact is low with a low probability, the risk exposure is low and no action may be required to reduce this threat (see white box in Figure 17-3). Figure 17-3 shows an example of a binary assessment, where only two outcomes are possible each for impact and probability. Either it will have an impact or it will not ...

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