A possible event that could cause harm or loss, or affect the ability to achieve objectives. A risk is measured by a combination of the probability of a perceived threat or opportunity occurring, and the magnitude of its impact on objectives. An uncertain event or set of events that, should it occur, will have an effect on the achievement of objectives. Risk Analysis and Management of Projects (RAMP) The likelihood of variation in the occurrence of an event, which may have either positive or negative consequences. An ongoing or upcoming concern that has a significant probability of adversely affecting the success of major milestones. Combination of the probability or frequency of occurrence of a defined threat or opportunity and the magnitude of the consequences of the occurrence.
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'flouting the law was too much of a risk' " a situation involving exposure to danger: " combination of the risk of exposure and the impact = combination of (likelihood of the the threat being able to expose an element(s) of the system) and impact"īSi - Information Security Risk Management ISO/IEC 27001 Work Breakdown Structure (WBS) Checklist.
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