RISK...

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Rajkumar Nair
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RISK...

Postby Rajkumar Nair Fri Nov 30, 2018 9:40 am

SLIDE 4 ...NEED MORE EXPLANATION ON RISK EXPOSURE...IS IT RISK SEVERITY ?

** RISK SEVERITY = RISK PROBABILITY * RISK IMPACT

Lesson Video : Risk
seema.sonkiya
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Joined: Fri Jul 11, 2014 11:57 am

Re: RISK...

Postby seema.sonkiya Fri Dec 21, 2018 10:33 am

Please mention what is not clear in it?

We prioritize risks based on risk exposure which is identified using:

1) likelihood of a risk occurring and
2) if it occurs how much impact it will put or severe it will be.

Risk Exposure is calculated by multiplying the Impact Rating with Risk Probability

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