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  2. Risk matrix - Wikipedia

    en.wikipedia.org/wiki/Risk_matrix

    Risk is the lack of certainty about the outcome of making a particular choice. Statistically, the level of downside risk can be calculated as the product of the probability that harm occurs (e.g., that an accident happens) multiplied by the severity of that harm (i.e., the average amount of harm or more conservatively the maximum credible amount of harm).

  3. Risk score - Wikipedia

    en.wikipedia.org/wiki/Risk_score

    For example, a risk of 9 out of 10 will usually be considered as "high risk", but a risk of 7 out of 10 can be considered either "high risk" or "medium risk" depending on context. The definition of the intervals is on right open-ended intervals but can be equivalently defined using left open-ended intervals ( τ j − 1 , τ j ] {\displaystyle ...

  4. Risk breakdown structure - Wikipedia

    en.wikipedia.org/wiki/Risk_breakdown_structure

    Risk analysis is more easily achieved if, after identification, the risks are placed in proper perspective within the RBS by categorizing the risks in the various levels. Risk analysis involves the use of techniques for prioritizing the risk, determining the probability of the risk, and calculating the impact of the risk.

  5. Risk management - Wikipedia

    en.wikipedia.org/wiki/Risk_management

    Source analysis [20] – Risk sources may be internal or external to the system that is the target of risk management (use mitigation instead of management since by its own definition risk deals with factors of decision-making that cannot be managed).

  6. Risk assessment - Wikipedia

    en.wikipedia.org/wiki/Risk_assessment

    A risk evaluation means that judgements are made on the tolerability of the identified risks, leading to risk acceptance. When risk analysis and risk evaluation are made at the same time, it is called risk assessment. [1] As of 2023, chemical risk assessment follows these 4 steps: [5] hazard characterization; exposure assessment; dose-response ...

  7. Purchase rates for Monday, February 24, 2025 - AOL

    www.aol.com/finance/mortgage-and-refinance-rates...

    See today's average mortgage rates for a 30-year fixed mortgage, 15-year fixed, jumbo loans, refinance rates and more — including up-to-date rate news.

  8. Probabilistic risk assessment - Wikipedia

    en.wikipedia.org/wiki/Probabilistic_risk_assessment

    for reactors of type BWR-5, in: CDF: 2.4 × 10 −8 /year, and; CFF: 5.5 × 10 −9 /yr for; The second point is a possible lack of design in order to prevent and mitigate the catastrophic events, which has the lowest probability of the event and biggest magnitude of the impact, [2] and the lowest degree of uncertainty about their magnitude.

  9. Event chain methodology - Wikipedia

    en.wikipedia.org/wiki/Event_chain_methodology

    Event chain methodology is a network analysis technique that is focused on identifying and managing events and relationships between them (event chains) that affect project schedules. It is an uncertainty modeling schedule technique. Event chain methodology is an extension of quantitative project risk analysis with Monte Carlo simulations.