Risk management - Risk assessment techniques
Risk management involves identifying, evaluating, and prioritizing risks to minimize, monitor, and control the impact of unfortunate events.
Risk assessment techniques are methods used to determine the likelihood and consequences of identified risks. They help organizations make informed decisions to mitigate potential threats effectively.
Common risk assessment techniques include:
IEC 31010:2019 is published as a double logo standard with ISO and provides guidance on the selection and application of techniques for assessing risk in a wide range of situations.
The techniques are used to assist in making decisions where there is uncertainty, to provide information about particular risks and as part of a process for managing risk.
The document provides summaries of a range of techniques, with references to other documents where the techniques are described in more detail.
This second edition cancels and replaces the first edition published in 2009. This edition constitutes a technical revision.
This edition includes the following significant technical changes with respect to the previous edition:
Keywords: uncertainty, risk management
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