Certified Business Analysis Professional (CBAP) — Question 442

Which of the following techniques involves attempting to make and numerically determine the probability of various adverse events and measuring the likely extent of the losses?

Answer options

• A. Risk analysis
• B. Qualitative risk analysis
• C. Risk assessment
• D. Quantitative risk analysis

Correct answer: D

Explanation

The correct answer is D, Quantitative risk analysis, as it specifically focuses on numerically estimating the probability and impact of adverse events. A, B, and C are related concepts, but they do not involve the numerical measurement aspect that defines quantitative analysis.