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Discuss the difference in the types of results received between the quantitative and qualitative approach to risk assessment. Discuss the pros and cons of each approach.

Consider the quantitative and qualitative risk assessment methodologies? with respect to one of the? following scenarios and provide a conclusion about what each method would provide and which method might produce the most helpful results for the scenario:?

  1. A five-physician family health general practice ?business which has recently implemented electronic health records (EHR).
  2. A well-established large retail firm that operates globally and sells products in brick and mortar stores as well as online. The organization has what they consider to be strong security controls in place.
  3. A publicly traded bank that does business in over 35 states nationwide, providing standard banking services, loan services, and investment advisory services.?

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