Qualitative Risk Assessments![](https://scytale.ai/wp-content/themes/scytale/components/partials/glossary-query/templates/images/arrow.svg)
Qualitative risk assessments are an important part of any risk management strategy. It helps to identify, assess, and manage potential risks in a structured and systematic manner, so that organizations can take proactive steps to minimize them. The process of a qualitative risk assessment involves analyzing the likelihood and potential impact of identified risks. This …