In part 1 of this series, I briefly covered quantitative risk measuring – assigning a numeric value to risk, like “$3,500”, rather than a qualitative label like “medium” – only to quickly recommend against trying it. In this final sidebar, I want to come back to this topic. I’ll spend a bit more time explaining what I see as the pros and cons of quantitative risk measurement – why you might or might not want to use numeric values over more simple risk matrixes.
