What are some alternative risk assessment methods?

What are some alternative risk assessment methods I can use?

There are several alternative risk assessment methods, such as qualitative assessments, quantitative assessments, and scenario analysis.

Can you explain qualitative assessments?

Qualitative assessments involve subjective judgment to evaluate risks based on experience and expertise, often using interviews or focus groups.

What about quantitative assessments?

Quantitative assessments use numerical data and statistical methods to evaluate risks, providing a more objective analysis.

Are there any specific tools for scenario analysis?

Yes, tools like Monte Carlo simulations and decision trees are commonly used for scenario analysis in risk assessment.