Quantitative Risk Analysis: A systematic process used in risk management that quantifies the probabilities and potential consequences of risks. It typically involves the calculation of risk through the formula – Risk = Probability of Occurrence × Impact of Event. This technique allows organizations to assign monetary values to risks and to prioritize them based on their potential to affect business outcomes.
Categories: CC D1: Security Principles | CCSP D6: Legal - Risk and Compliance | CISM D2: Information security risk management | CISSP D1: Security and Risk Management | Security+ D5: Security Program Management and Oversight | SSCP D3: Risk Identification Monitoring and Analysis
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