Quantitative Risk Assessment

Systematic approach used to evaluate and quantify risks associated with a particular process, activity, or system. It involves hazard identification, frequency analysis, consequence analysis, risk estimation, and risk evaluation to provide a numerical estimate of risk for informed decision-making and risk management. Quantitative Risk Assessment is primarily utilized by industries and organizations that require detailed risk analysis for safety, regulatory compliance, and strategic planning.

Quantitative Risk Assessment was discovered on April 29th 2023 and it currently has a search volume of 2.4K with a growth of +53%.