Question

Describe the Qualitative approach to Risk Assessment.

Why does this approach, which does not rely on numerical data, work?

Answer 1

Qualitative method is also a scientific method of observation but here there will be no numerical data will be there only non numerical data like meaning, concept, survey, interview, mapping , evidence etc.

Qualitative approach in risk assessment is that where they will collect all the data required for what is the reason for the occurrence of risk by collecting Various information by interviewing people ,gathering required evidence, risk categorisations etc. After all the required data is collected they will do assesment of what is the cause of occurence of risk , how they reacted to occurence, damage due to that risk , future precautions and last submission of all this data to concerned authorities.

This qualitative approach will work even though they don't have numerical data because in this this while collecting data they gather data by questioning people who are the place while occurence of risk and many more other important information will be collected. Here numerical data like calculation will not be there as here there will be only theories will found for risk assessment and reasons will be found. Hence even though there is no numerical data qualitative approach will work.