qualitative decision making

A decision-making process that takes nonnumerical factors, such as emotions, investor/customer confidence, workforce stability, and other concerns, into account. This type of data often results in categories of prioritization (such as high, medium, and low).

qualitative risk analysis

Scenario-oriented analysis using ranking and grading for exposure ratings and decisions.

quality assurance check

A form of personnel management and project management that oversees the development of a product. QA checks ensure that the product in development is consistent with stated standards, methods of practice, efficiency, and so on.

quantitative decision making

The use of numbers and formulas to reach a decision. Options are often expressed in terms of the dollar value to the business.

quantitative risk analysis

A method that assigns real dollar figures to the loss of an asset.

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