Which risk analysis approach uses intuition, experience, and other best practices to assign nonnumeric values to risk, using methods such as brainstorming sessions, focus groups, surveys, and interviews?

• A. Delphi Technique
• B. Quantitative Risk Analysis
• C. Qualitative Risk Analysis
• D. Risk Scoring

Answer: (C)

Qualitative risk analysis uses intuition, experience, and best practices to assess risk without numbers. It assigns descriptive, nonnumeric values to risk—such as high, medium, or low—based on input gathered from people through brainstorming sessions, focus groups, surveys, and interviews. This approach helps prioritize risks and plan responses when data is scarce or when you need a quick, consensus-driven view. While techniques like the Delphi method can be used within qualitative analysis to reach agreement, the overall approach described is qualitative risk analysis. Quantitative risk analysis, in contrast, assigns numeric probabilities and impacts and uses models to calculate results.