MANAGEMENT

Detailed explanation-1: -Both qualitative and quantitative research methods can be used in helping to assess those risks through observation, questionnaires, interviews, surveys, and so on. Then the data can be derived from the data collected. The results can be input and can be used to mitigate and reduce risks.

Detailed explanation-2: -Whereas qualitative risk assessments utilize knowledge and experience to determine risk probability, a quantitative risk assessment relies on objective, measurable data to provide insights into your risk management process.

Detailed explanation-3: -Organizations can take several approaches to assess risks-quantitative, qualitative, semi-quantitative, asset-based, vulnerability-based, or threat-based.

Detailed explanation-4: -Mixed methods research is the collection and analysis of both qualitative and quantitative data and its integration, drawing on the strengths of both approaches.

Detailed explanation-5: -Risk assessments can be qualitative, quantitative, or a combination of both. In qualitative assessments, the risk characterization produces non-numerical estimates of risk. Quantitative tools rely on numbers to express the level of risk.