Risk assessment is a fundamental process in various fields, including finance, engineering, environmental science, and healthcare. This assignment aims to provide a thorough exploration of different risk assessment approaches, their methodologies, and applications.

Discuss the application of Quantitative Risk Assessment $($QRA$)$ in fields like finance, engineering, and nuclear safety.

Critically analyze the strengths and limitations of QRA.

Explore the use of Qualitative Risk Assessment $($QCA$)$ in industries like healthcare, environmental science, and project management.

Evaluate the appropriateness and challenges associated with QCA.

Discuss the concept of integrating both quantitative and qualitative approaches for a holistic risk assessment. with references and sources and also provide link