In what way can qualitative assessments enhance quantitative analysis in FAIR?

Qualitative assessments enhance quantitative analysis in FAIR by capturing insights that numbers may miss. While quantitative data provides a measurable representation of risks, it often lacks contextual understanding and can overlook subtle factors that influence risk scenarios. Qualitative assessments can provide narratives, expert judgments, stakeholder perspectives, and detailed attributes of risks that numbers alone may not adequately convey. This complementary relationship allows for a more nuanced understanding of the risks at hand, making the overall analysis more robust and informed.

The other options, while related to risk assessment processes, do not accurately reflect the primary benefit of qualitative assessments. Numerical forecasting relies on data patterns rather than insights, and standardizing procedures may improve consistency but does not inherently enhance the depth of analysis. Eliminating irrelevant risk factors is an operational optimization but doesn’t capture the richness of understanding that qualitative insights provide.