Difference between revisions of "Risk"
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Latest revision as of 14:34, 25 November 2010
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| Definition: | potential impact that indicates the possibility of loss, injury, disadvantage, or destruction |
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| Source: | BMM | Concepts |
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| Dictionary Basis: | the possibility of loss, injury, disadvantage, or destruction ; MWUD 'risk' (1) |
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| General concept: | potential impact |
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| Note: | Some Risks are expressible as formulae:
Probability of loss. (e.g., 5% probability) Potential loss (e.g., $500,000 loss) Unit-of-measure (e.g., loss in USD)"Some Risks are expressible as formulae: Probability of loss. (e.g., 5% probability) Potential loss (e.g., $500,000 loss) Unit-of-measure (e.g., loss in USD)" cannot be used as a page name in this wiki. |
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Risk
- A possible Event that could cause harm or loss, or affect the ability to achieve Objectives. A Risk is measured by the probability of a Threat, the Vulnerability of the Asset to that Threat, and the Impact it would have if it occurred.
