estimate impact of risks
Estimate the potential losses associated with an identified risk by applying standard risk analysis practices to develop an estimate of probability and impact on the company. Take both financial and non-financial impacts into account. Use qualitative and quantitative risk analysis techniques to identify, rate and prioritise risks.
Also called: calculate impact of risks, determine risks impact, analyse impact of financial risks, analyse impact of non-financial risks
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1Definition from ESCO, published by the European Commission. Source concept
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