"The results of this process may be expressed in a quantitative or qualitative fashion. Risk assessment is an inherent part of a broader risk management strategy to help reduce any potential risk-related consequences."
Identification and analysis of potential risks and mitigation strategies to minimize negative impacts on the company's strategic goals.
Risk assessment framework: This refers to the process of defining goals, identifying potential risks, and evaluating the likelihood and impact of those risks.
Risk identification: This involves understanding the internal and external factors of an organization or project that could pose a threat or risk.
Risk analysis: This is the method of identifying the probability and potential impact of risks, resulting in a risk matrix for ranking and decision-making.
Risk mitigation: This refers to the process of reducing the probability and impact of identified threats or risk factors.
Risk monitoring and control: This relates to identifying new risks, changes, or fluctuations in existing risks, and putting in place a control measure for their prevention, acceptance, or avoidance.
Risk communication and reporting: This topic emphasis on getting buy-in from stakeholders, articulate risks to decision-makers persuasively, and report on performance.
Risk-based decision making: This relates to the process of determining the best course of action in the face of uncertainty, bearing in mind the impact, probability, and risk appetite of the organization.
Business continuity planning: This is the critical process of creating a plan for maintaining essential business activities in the event of a disaster, outage or unexpected occurrence.
Enterprise risk management: ERM involves integrating aspects of risk management into an organization's overall risk management strategy to help maximize business value while minimizing exposure to hazards.
Compliance management: This topic describes governance and risk management practices for ensuring compliance with applicable regulations, internal policies, and industry standards.
Business impact analysis: BIA is an essential process for identifying critical business processes and assessing the potential impact of various crisis scenarios.
Project management: Risk assessment plays a vital role in managing individual project risks, mitigating the impact of unexpected changes, and delivering successful projects.
Cybersecurity risk: This involves identifying and assessing cyber threats and vulnerabilities that could impact an organization's infrastructure, hardware, software, and data.
Quantitative risk analysis: This method involves using mathematical models to evaluate the probability and impact of different risks to support decision-making.
Qualitative risk analysis: This is a subjective approach to risk analysis, focusing on the impact and likelihood of potential risks without using statistical models.
Financial risk assessment: A systematic evaluation of the potential financial uncertainties that could impact the organization's finances.
Compliance risk assessment: Identifies potential risks associated with compliance with regulatory and legal requirements, as well as internal policies and procedures.
Hazard risk assessment: Evaluates and identifies potential risks related to physical hazards, such as natural disasters, environmental risks, and other industrial hazards.
Security risk assessment: Assesses potential risks to an organization's physical assets, including employees, customers, operations, and data security.
Operational risk assessment: Evaluates potential operational and process-related risks in business activities that could impact business performance.
Market risk assessment: Identifies potential risks associated with changes in market dynamics, competition, and industry trends in order to guide strategic decision-making.
Reputation risk assessment: Measures and evaluates the potential risks to a company's reputation, including lasting reputational damage from poor performance, scandals, or poor communications.
Strategic risk assessment: Identifies potential long-term risks associated with the organization's business strategy, customer demand, and market trends.
Technology risk assessment: Pinpoints potential risks associated with the implementation and use of technology, including software and hardware failure, data breaches, and cyber attacks.
"Risk assessment determines possible mishaps, their likelihood and consequences, and the tolerances for such events."
"The results of this process may be expressed in a quantitative or qualitative fashion."
"Risk assessment identifies and analyses potential (future) events that may negatively impact individuals, assets, and/or the environment (i.e. hazard analysis)."
"Risk assessment is an inherent part of a broader risk management strategy to help reduce any potential risk-related consequences."
"It identifies and analyses potential (future) events that may negatively impact individuals, assets, and/or the environment (i.e. hazard analysis)."
"It makes judgments 'on the tolerability of the risk on the basis of a risk analysis' while considering influencing factors (i.e. risk evaluation)."
"It makes judgments 'on the tolerability of the risk on the basis of a risk analysis' while considering influencing factors (i.e. risk evaluation)."
"Risk assessment is an inherent part of a broader risk management strategy to help reduce any potential risk-related consequences."
"Risk assessment determines possible mishaps, their likelihood and consequences, and the tolerances for such events."
"Risk assessment determines possible mishaps, their likelihood and consequences, and the tolerances for such events."
"The results of this process may be expressed in a quantitative or qualitative fashion."
"Risk assessment is an inherent part of a broader risk management strategy to help reduce any potential risk-related consequences."
"Risk assessment identifies and analyses potential (future) events that may negatively impact individuals, assets, and/or the environment (i.e. hazard analysis)."
"Risk assessment is an inherent part of a broader risk management strategy to help reduce any potential risk-related consequences."
"It makes judgments 'on the tolerability of the risk on the basis of a risk analysis' while considering influencing factors (i.e. risk evaluation)."
"Risk assessment is an inherent part of a broader risk management strategy to help reduce any potential risk-related consequences."
"Risk assessment identifies and analyses potential (future) events that may negatively impact individuals, assets, and/or the environment (i.e. hazard analysis)."
"It makes judgments 'on the tolerability of the risk on the basis of a risk analysis' while considering influencing factors (i.e. risk evaluation)."
"Risk assessment is an inherent part of a broader risk management strategy to help reduce any potential risk-related consequences."