Question

The team is in the process of performing a risk analysis on the database services. The information collected includes the initial value of these assets, the threats to the assets and the impact of the threats. What type of risk analysis is the team performing by calculating the annual loss expectancy?

Answer 1

this type of risk is unsystematic risk

Answer 2

Answer:

Quantitative Analysis is the type of risk analysis that the team is performing by calculating the annual loss expectancy.

Explanation:

• Quantifying the risk connected to a specific hazard is done through qualitative risk analysis.
• For unknown situations that might have a wide range of outcomes and serious repercussions, risk assessment is utilized.
• Risk is a function of the likelihood that an event (or specific hazard) will occur and the results if the event does.
• The probability that a hazard will materialize is referred to as probability.
• Probability and consequence are appraised verbally in a qualitative evaluation rather than statistically using terms like "highly likely," "low likelihood," etc.
• When evaluating several options or when there is insufficient evidence to enable numerical probability or consequence estimations, qualitative assessments are useful for screening level evaluations.

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