Risky Thinking
– On Risk Assessment, Risk Management, and Business Continuity
|
Risky Thinking
– On Risk Assessment, Risk Management, and Business Continuity
|
|
| Home / Risk Glossary / Risk Analysis | 21 March, 2010 | |
Risk Analysis (Definition)The analysis of an environment for risks. Each risk is evaluated according to the losses it may cause, probability of occurrence, the cost of countermeasures to mitigate the risk, and the likely loss if those countermeasures were implemented. The output from a risk analysis is typically a prioritized list of risks together with a cost/benefit analysis for possible countermeasures. Risky Thinking Newsletter Are you responsible for Business Continuity, Disaster Recovery, or Risk Management in your organization? Then you may wish to receive a free subscription to the the monthly Risky Thinking Newsletter. It contains news, opinions and articles of interest to people working in these areas. View a sample issue, or click here to subscribe. Recent articles have included: Fast food restaurants face special risks, some of which are not completely under their own control. In particular, a supplier with a massive positive feedback loop can cause things to go wrong, as the mad cow case demonstrates.
Read more...
You're welcome to use these defintions for any purpose provided that an acknowledgement is made to www.riskythinking.com and (if you're using HTML) you provide a link back to this site. © Albion Research Ltd. 2010 |
|