An analysis method where estimation of the consequence is based on expert judgment and "rules-of-thumb" is said to be:

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Multiple Choice

An analysis method where estimation of the consequence is based on expert judgment and "rules-of-thumb" is said to be:

Explanation:
The analysis method referred to in the question involves estimating consequences based on expert judgment and commonly accepted practices, which are characteristic of qualitative analysis. Qualitative methods rely on descriptive assessments rather than numerical data, and they often utilize subjective input from experts who draw upon their experiences and intuition to evaluate risks and consequences. This approach is particularly useful in situations where precise data may be unavailable or difficult to obtain. While quantitative analysis relies on mathematical models and statistical techniques to measure risk and consequences in numerical terms, qualitative analysis offers a more flexible, albeit less precise, framework that can be valuable in preliminary assessments or when exploring scenarios in early-stage evaluations. Thus, the correct choice effectively captures the essence of this approach to risk assessment.

The analysis method referred to in the question involves estimating consequences based on expert judgment and commonly accepted practices, which are characteristic of qualitative analysis. Qualitative methods rely on descriptive assessments rather than numerical data, and they often utilize subjective input from experts who draw upon their experiences and intuition to evaluate risks and consequences. This approach is particularly useful in situations where precise data may be unavailable or difficult to obtain.

While quantitative analysis relies on mathematical models and statistical techniques to measure risk and consequences in numerical terms, qualitative analysis offers a more flexible, albeit less precise, framework that can be valuable in preliminary assessments or when exploring scenarios in early-stage evaluations. Thus, the correct choice effectively captures the essence of this approach to risk assessment.

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