Risk identification methods
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With every action performed there is a potential risk, regardless of the size, however, the chance of the risk being a problem can be mitigated. | With every action performed there is a potential risk, regardless of the size, however, the chance of the risk being a problem can be mitigated. | ||
| − | For every type of organization, it is most likely that they have in one way or another, implemented the use of risk management. Risk management is a crucial tool in order to identify and quantify the positive and negative risks, as well as avoiding risk outputs and even being able to reduce the risks before they are present. This should be followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities <ref name="1"> "Threat Assessment and Risk Analysis | + | For every type of organization, it is most likely that they have in one way or another, implemented the use of risk management. Risk management is a crucial tool in order to identify and quantify the positive and negative risks, as well as avoiding risk outputs and even being able to reduce the risks before they are present. This should be followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities <ref name="1"> "Threat Assessment and Risk Analysis' 'An Applied Approach 2016' 'Gregory Allen 'Pages 55-61">. Risk identification is a crucial part of any project, and one of the steps involved in risk management, which is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives). |
The goal of risk identification is to gain prescience of events that, if they occur, can have an impact. This could be negative impacts on which could lead to the ability to succeed is diminished or it could be causing a decline in the efficiency. It could however also be positive risks that can potentially lead to increase in efficiency or effectiveness. In this article the overall risk framework is mentioned, and the essence of the article is how risk identification is, in accordance with the type of assessment necessary to support the risk-informed decision-making process [2]. | The goal of risk identification is to gain prescience of events that, if they occur, can have an impact. This could be negative impacts on which could lead to the ability to succeed is diminished or it could be causing a decline in the efficiency. It could however also be positive risks that can potentially lead to increase in efficiency or effectiveness. In this article the overall risk framework is mentioned, and the essence of the article is how risk identification is, in accordance with the type of assessment necessary to support the risk-informed decision-making process [2]. | ||
Revision as of 10:54, 1 March 2019
Abstract
"risk" -Noun “A situation involving exposure to danger”
With every action performed there is a potential risk, regardless of the size, however, the chance of the risk being a problem can be mitigated.
For every type of organization, it is most likely that they have in one way or another, implemented the use of risk management. Risk management is a crucial tool in order to identify and quantify the positive and negative risks, as well as avoiding risk outputs and even being able to reduce the risks before they are present. This should be followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities Cite error: Invalid <ref> tag;
name cannot be a simple integer. Use a descriptive title
