What does qualitative analysis attempt to determine regarding risks?

Qualitative analysis is a critical aspect of risk management that focuses on assessing and prioritizing risks based on their characteristics rather than quantifying them. This approach allows organizations to understand the relative scale of importance and implications of various risks without necessarily attaching a monetary value.

By evaluating risks qualitatively, practitioners can identify which risks may have severe consequences, which risks are more likely to occur, and how they might impact organizational objectives. This process often involves categorizing risks based on likelihood and impact, which can inform decision-making and resource allocation.

The other options suggest a quantitative approach to risk assessment, such as measuring monetary values or percentages of mitigated risks, which are not the focus of qualitative analysis. Instead, qualitative analysis is more about understanding the narrative around risks and their potential effects rather than precise calculations.