LEVEL OF RISK
• The level of risk is its magnitude. • It is estimated by considering and combining consequences and likelihoods. • A level of risk can be assigned to a single risk or to a combination of risks. • A consequence is the outcome of an event and has an effect on objectives. • Likelihood is the chance that something might happen.
5.4.4 EVALUATE THE ORGANIZATION'S RISKS
• Use the risk analysis results to evaluate the organization’s risks. • Use the risk analysis results to consider the risk treatment options
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