what do quantitative risk analysts do
Risk analysis Some books take a slightly different approach and define risk management as the overarching concept, where risk analysis is the component that seeks to identify and measure the risks and risk mitigation is determining what to do about the risks. Risk analysis can be qualitative or quantitative. Qualitative risk analysis uses words or colors to identify and evaluate risks or presents a written description of the risk, and quantitative risk analysis (QRA) calculates numerical probabilities over the possible consequences.