Name two qualitative risk assessment techniques.

Two qualitative risk assessment techniques aim to analyze intangible aspects of risk and help identify potential issues in a more subjective manner than quantitative approaches. SWOT analysis, which assesses an organization's Strengths, Weaknesses, Opportunities, and Threats, provides insights into internal and external factors influencing risk. This technique allows organizations to evaluate their strategic positioning and identify areas that may pose risks or offer opportunities for improvement.

Scenario analysis is another qualitative technique that involves forecasting potential future events or conditions based on varying assumptions. This method helps organizations understand how different scenarios could impact their objectives and allows for better preparedness by considering a range of possibilities instead of relying on single-point estimates.

Both these qualitative techniques are instrumental in risk assessment, focusing on understanding context, potential impacts, and broader strategic considerations which are vital for effective risk management.