Risk assessment

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Risk assessment is the process of evaluating and analyzing identified risks to determine their potential impact and likelihood. It involves assessing the severity or magnitude of the risk and the probability of it occurring. Through risk assessment, organizations can prioritize risks based on their significance and allocate resources accordingly. The assessment may include qualitative or quantitative methods, considering factors such as historical data, expert judgment, and risk models. The goal of risk assessment is to provide valuable insights into the risks faced by the organization, enabling informed decision-making and effective risk management strategies. • Follow us: • https://instituteprojectmanagement.com/ • / insti. . • / projectmanag. . • / projectmana. . • https://www.pinterest.ie/InstituteofP... • / institute_o. . • #riskmanagement • #riskassessment • #riskmitigation • #riskanalysis • #businessrisk • #riskstrategy • #enterpriserisk • #riskculture • #riskgovernance • #riskawareness

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