Amanda’s organization wants to conduct a risk assessment and needs to prioritize a timely completion of the process over rigorous detail. What type of assessment should she advise her organization to select?

Qualitative risk assessment uses knowledge and expertise to assess risk and are thus typically faster and more likely to be completed than a quantitative risk assessment. Quantitative risk assessments assign numeric values and calculations to determine relative risk. Choosing internal or external risk assessments is not a primary driver of speed compared to choosing quantitative over qualitative risk assessments.