Used interchangeably with Risk Assessment.
A systematic use of available information to determine how often specified events may occur and the magnitude of their likely consequences. (AS/NZS 4360:1995)
FINANCE. Systematic assessment of the risk involved in a capital project.
Assessment of the total risk due to all possible environmental inputs and all possible mechanisms.
The identification of possible risks, assessment of their likelihood and impact, and creation of methods to avoid or reduce them.
Widely recognized as the fundamental methodology underlying the development of food safety standards. Risk analysis is composed of three separate but integrated elements, namely risk assessment, risk management and risk communication.
An evaluation of automated information systems assets and vulnerabilities to establish an expected loss from certain events based on estimated probabilities of the occurrence of these events. Identifies potential threats and their probability of occurrence and proposes safeguards to combat these threats.
Identifying the 'service' value of infrastructure components (assets), the threats to which those assets might be exposed, and the vulnerability of those assets to the threats identified.
The process of identifying the risks to an organization, assessing the critical functions necessary for an organization to continue business operations, defining the controls that are in place to reduce organization exposure, and evaluating the cost for each such control. The risk analysis often includes an evaluation of the probabilities of a particular event.
The analysis of a computer environment for specific hazards and attendant risks. Each risk is evaluated according to the business losses that can occur, their probability of occurrence and the cost of any countermeasures to reduce the risk.
An examination of risk areas or events to assess the probable consequences for each event, or combination of events in the analysis, and determine possible options for avoidance.
a fully professional trading system that clearly generates buy and sell signals based on robust technical analysis
an organization's review of potential threats to its network and its estimate of the probability of those threats occurring
The complete process composed of hazard identification, risk assessment, risk management and risk communication. (from OIE 2003a)
the process that includes risk assessment, risk management, and risk communication.
a process defined by the Codex Alimentarius model which includes three major activities: risk communication, risk assessment and risk management.
A technique for assessing the risks that might endanger a project or programme, and planning for how to prevent them or to manage them if they occur.
A technique to identify and assess factors that may jeopardize the success of a project or achieving a goal. This technique also helps define preventive measures to reduce the probability of these factors from occurring and identify countermeasures to successfully deal with these constraints when they develop. [GAO
The software engineering process that defines the pro and con for each decision point and an estimate of probability for success and failure. Often a fall back position or an exit strategy may be defined.
A methodology to objectively determine Risk by analysing and combining probabilities and Consequences.
Risk Analysis is a technique designed to quantify the impact of uncertainty. It is usually conducted at the begining of a project or to compare two or more alternative scenarios, action ...
The technique of listing all risks facing the enterprise and ranking them according to their likelihood of happening and the potential negative impact on the business. The point, of course, is to minimise the risks, focusing first on those risks that score high on both counts and making plans to make them less likely to happen and/or have a lesser impact if they do.
systematic use of available information to determine how often specified events may occur and the magnitude of their likely consequences. (A technique designed to quantify the impact of uncertainty)
the ongoing risk management task of analyzing the significant risks to the success of an endeavor.
Systematic process to understand the nature of and to deduce the level of risk... AS/NZS 4360 Risk Management...
a process consisting of three components: risk assessment, risk management and risk communication.
analysis that evaluates the possible outcomes of various harvesting strategies or management options.
The process of identifying potential problems and the associated likelihood of those problems.
A method by which individual vulnerabilities are compared to perceived or actual security threat scenarios in order to determine the likelihood of compromise of critical information.
The process of identifying security risks, determining their magnitude, and identifying areas needing safeguards. Risk analysis is a part of risk management.
An analysis or an assessment of factors (called assumptions in the logframe) affect or are likely to affect the successful achievement of an interventionâ€(tm)s objectives (DAC).
A detailed examination of each identified program risk which refines the description of the risk, isolates the cause, and determines the impact of the program risk in terms of its probability of occurrence, its consequences, and its relationship to other risk areas or processes.
Determining where things could go wrong in a project and what the impact of something not happening as planned. The risk analysis becomes the basis for contingency planning.
The process of evaluating: (a) the vulnerability of information assets to various threats, (b) the costs or impact of potential losses, and (c) the alternative means of removing or limiting risks.
This uses cross-tab tables in combination with top- or bottom-scale analysis. It concentrates on the relationship between individual attribute satisfaction and some dependent variables such as overall satisfaction, willingness to recommend, or intention to remain a customer.
The identification and assessment of the level (measure) of the risks calculated from the assessed values of assets and the assessed levels of threats to, and vulnerabilities of, those assets.
The analysis of project risks associated with the value of key project variables, and therefore the risk associated with the overall project result. Quantitative risk analysis considers the range of possible values for key variables, and the probability with which they may occur. Simultaneous and random variation within these ranges leads to a combined probability that the project will be unacceptable. When deciding on a particular project or a portfolio of projects, decision makers may take into account not only the expected scale of project net benefits but the risk that they will not be achieved.
Process of identifying risks, analyzing the likelihood that they will occur and the degree of impact that they will have on the project goals, and selecting strategies to eliminate or manage them
The process of identifying security risks, determining their impact, and identifying areas requiring protection.
Undertaking a process to assess identified threats to the success of the project, which results in working papers of the current assessment for each threat (both likelihood and seriousness), a risk grading and strategies for mitigating the risks. The results of this analysis are usually captured in the Risk Register. Refer to Risk Register
A process to analyze the probability that harm may occur to life, property, and the environment and to note the risks to be taken to identify the incident objectives.
The process of identifying security risks, determining their magnitude, and identifying areas needing safeguards. An analysis of an organization's information resources, its existing controls, and its remaining organizational and MIS vulnerabilities. It combines the loss potential for each resource or combination of resources with an estimated rate of occurrence to establish a potential level of damage in dollars or other assets. See also: Risk Assessment, Risk Management
The analysis of an organization's information resources, existing controls and computer system vulnerabilities. It establishes a potential level of monetary damage and/or other assets.
This document presents an analysis of potential critical risks that may delay or prevent the deployment of ITS technologies, and recommends mitigation plans which will eliminate of reduce these risks to the deployment process. It is intended for implementers that are involved with the details of ITS deployment in their region, throughout the development of the Regional ITS Architecture. Select "Document View" from the main menu for access to this document. View the Document View Page
Risk Analysis is the process of identifying risks, determining their magnitude and identifying what safeguards are needed.
The assessment and management of hazards that cause harm (risk) to human health and the communication of how those hazards can be controlled, reduced or eliminated.
Risk analysis is the science of risks and their probability and evaluation.
