Qsr (Quantitative Risk Model)

A Quantitative Risk Model (QSR) is a tool used to measure and analyze potential risks using numerical data and mathematical techniques. It helps organizations evaluate the likelihood and impact of different risk scenarios, such as financial losses, project delays, or safety issues. By quantifying risks, decision-makers can prioritize resources, develop strategies to mitigate threats, and make informed choices. Essentially, QSR transforms complex uncertainties into understandable, data-driven insights, enabling better risk management and strategic planning.