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CISM study material · question 297 of 1000

In which two circumstances does IR 8286 say qualitative analysis is most useful? Choose two.

  1. Where cost-benefit comparison of the response options is the goal
  2. Where intangible aspects of risk must be considered
  3. Where statistical loss data is abundant
  4. As an initial assessment
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Answer: D. As an initial assessment
B. Where intangible aspects of risk must be considered

IR 8286 puts qualitative work where numbers are not yet available or not the point — a first pass, or where the impact is intangible. Monetised cost-benefit comparison is quantitative territory.

Source: NIST IR 8286 (NIST) — Sec. 3.3.1 Risk Analysis Types

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