Risk Analysis Flashcards
It comprehend the nature of risk, it’s characteristics,sources, consequences,likelihood,and scenarios
Risk Analysis
It defined as an expected situation which does not happen or an unexpected situation which does happen.
Event
It is an outcome of an event affecting objectives.
Consequences
It comprehend the nature of risk, it’s characteristics, the level or risk, and where appropriate.
THE PURPOSE OF RISK ANALYSIS
It involves a detailed consideration of uncertainties, risk
sources, consequences, likelihood, events, scenarios,
controls and their effectiveness.
Risk Analysis
Analysis technique can be qualitative, quantitative or a
combination of these two depending on the circumstances
and intended use.
Risk analysis
It may be influenced by any divergence of
opinion, biases, perceptions of risk and judgements.
Risk Analysis
Highly uncertain events can be difficult to quantify. This
can be an issue when “analyzing” events with severe
consequences.
Risk analysis
provides an input to risk evaluation, to
decisions on whether risk needs to be treated and how,
and on the most appropriate risk treatment strategy and
methods. The results provide insights for decisions, where
choices are being made and the options involve different
types and level risks.
Risk analysis
define threat assessment
as consideration of full spectrum
of threats (i.e., natural, criminal,
accidental) for a given
facility/location.
Renfroe and smith (2016)
It is defined as the “degree” to which the facility or event
is comprised by a successful attack from the given threat.
Impact of loss
It is defined to be a combination of the attractiveness of a facility or an
event as a target and the level of deterrence and/or defense provided by the
existing countermeasures.
Vulnerability
Effect on event company/business
Impact of loss
It is defined to be a combination of the attractiveness of a facility or an
event as a target .
Vulnerability
proness of accident,problem,and accident.
Vulnerability
