This is the final part of the description of the risk machine. It shows how the complete risk assessment according to probability of risk occurence and financial impact is summarized: All basic scenarios either for the availability or the security branch are specified according to probability, total financial impact and the resultant expeted value. You… Continue reading Risk Machine – Summary
Tag: probability of isk occurence
Risk Machine – Probabilty of risk treatment
This part deals with the probabilty of risk treatment. In most risk management systems the common components are probability of risk occurence and risk impact. But in case a risk commences several actions will takes place immediately to attenuate the risk impact. These risk treatment actions will lower the probability of the full impact of… Continue reading Risk Machine – Probabilty of risk treatment
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