Is risk management qualitative or quantitative?

Can be qualitative or quantitative depending on the tools used. HAZID and HAZOP is more qualitative analysis as the objective is more to identify any potential risks, determine the risk reduction measures and prioritise the action/risk reduction measure using the risk matrix.
While other tools such as LOPA is more quantitative, a series of data is required for the risk analysis/management that allows us to quantify the analysis and the results.