A county finance director wants dollar-loss ranges for flood risk, while operations prefers High/Medium/Low workshops. How should methodology choice be framed?
Select an answer to reveal the explanation.
Short Explanation
High/Medium/Low is fine when the room needs a shared language fast; dollar ranges matter when the budget fight needs numbers. Pick the method that matches the decision—not a religion that bans one or the other.
Full Explanation
IRM scoring architecture supports both qualitative ordinal scales and quantitative monetary or probabilistic models. Method choice should follow the decision: workshops and prioritization often use qualitative ratings, while capital and insurance decisions may need quantified loss estimates. Neither approach is universally mandatory or obsolete.