Risk Easy Four Stage Quantification
Risk Easy Four Stage
Quantification Process
01
Stage 1
Qualitative Analysis of Risk Areas into Possible Outcomes
02
State 2
Risk Likelihood Levels
Risk Easy uses a three Level Likelihood scale
Very Likely | Likely | Unlikely
Risk Easy uses a three Level Likelihood scale
Very Likely | Likely | Unlikely
03
Stage 3
Risk Impact - Risk Easy uses a three level Impact Money scale
Major |
Moderate |
Minor
Risk Impact assessment examines the potential effect (normally a cost factor) on the organisation should the risk occur.
Risk Impact assessment examines the potential effect (normally a cost factor) on the organisation should the risk occur.
04
Stage 4
Correlation Between Likelihood and Impact
For each risk area, Risk Easy correlate Likelihood Level (variable) with Impact Level (Variable) to ascertain Impact Cost
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