Certified Cloud Security Professional (CCSP) Practice Exam

Which type of assessment is best for supporting cost-benefit analyses of alternative risk responses or courses of action?

1. Graphical Assessments

2. Qualitative Assessments

3. Quantitative Assessments

4. Subjective Assessments

The correct answer is: Quantitative Assessments

Quantitative assessments are particularly effective for supporting cost-benefit analyses because they rely on numerical data and measurable metrics to evaluate risks and the potential effectiveness of various risk response options. This approach allows organizations to assign precise values to both costs and benefits, creating a clear framework for comparison. For instance, when assessing different risk mitigation strategies, quantitative assessments can help determine the monetary costs associated with implementing a control and the projected reduction in risk exposure it would provide, ultimately allowing stakeholders to make informed decisions based on robust financial analysis. This assessment type provides the ability to conduct statistical analysis and modeling, which can further enhance decision-making by estimating probabilities and impacts in various scenarios. By converting risk variables into quantifiable figures, organizations can create a clearer picture of the potential return on investment and choose options that provide the greatest value. In contrast, other types of assessments, while useful in their own right, do not lend themselves as effectively to detailed cost-benefit analyses. For instance, qualitative assessments focus on subjective measures and descriptive evaluations, which are valuable for understanding aspects that may not be easily quantifiable, but they lack the precision required for financial analysis. Graphical assessments and subjective assessments also do not provide the rigorous numerical foundation necessary for thorough cost-benefit analysis, making quantitative