Risk management and analysis: risk assessment (qualitative and quantitative)
Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi,
risk management, risk assessment
We use to define risk as the possibility of suffering a loss. Starting this, risk management is defined as a business process whose purpose is to ensure that the organization is protected against risks and their effects. In order to prioritize, to develop a response plan and after that to monitor the identified risks we need to asses them. But at this point a question is born: should I choose a qualitative approach or a quantitative one? This paper will make a short overview over the risk evaluation process also proposing a new approach in this direction.