"""Risk quantification attempts to assign numeric values to risks, instead of qualitative labels such as "Critical" and "High"."""
Nitpicky...but...
Shouldn't risk always be quantified? I thought that's what sets it apart from uncertainty. Also I'd argue that "critical", "hight" etc. is also quantification (ordinal scale). I guess the argument is that it should be quantified on a nominal scale?
Nitpicky...but...
Shouldn't risk always be quantified? I thought that's what sets it apart from uncertainty. Also I'd argue that "critical", "hight" etc. is also quantification (ordinal scale). I guess the argument is that it should be quantified on a nominal scale?
That being said, love the list :)