Exam CGEIT topic 1 question 455 discussion

B. It reduces subjectivity. Quantitative risk assessment methods involve using numerical values and data to evaluate risks, which helps reduce subjective interpretations and biases that can be present in qualitative assessments. By relying on quantifiable data and analysis, decision-makers can make more informed judgments and prioritize risks based on objective criteria.

Quantitative risk assessment methods involve assigning numerical values to various aspects of risks, such as likelihood and impact. This process helps to reduce subjectivity by providing a more objective and measurable basis for evaluating risks. This can lead to more informed decision-making and better prioritization of risk response actions.

The greatest benefit of using a quantitative risk assessment method is A. It helps in prioritizing risk response action plans. Quantitative risk assessment methods use numerical values to represent the likelihood and impact of risks. This allows organizations to prioritize risks and allocate resources more effectively. Option B, reducing subjectivity, is a benefit of quantitative risk assessment methods because it removes the human element from the risk assessment process. This can help to ensure that the risk assessment is more accurate and objective.

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