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An organization has decided to advance from qualitative risk assessment to quantitative risk analysis.

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An organization has decided to advance from qualitative risk assessment to quantitative risk analysis. The information security risk analyst has been tasked with replacing the organization’s qualitative likelihood scale of low, medium, and high with a quantitative approach. Which is the BEST approach for replacing the qualitative input values?

A.

Estimate the probability of the scenario ever occurring and use that percentage.

B.

Replace the qualitative scale’s thresholds with point percentages (e.g., low = 25%; medium = 50%; high = 75%) and use those percentages.

C.

Replace the qualitative scale’s thresholds with ranges of percentages (e.g., low = 1–33%; medium = 34–66%; high = 67–99%) and use those percentages.

D.

Estimate the probability of the scenario occurring within the following year and use that percentage.

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