Risk Analysis


Risk Analysis : Definition: systematic examination of the components and characteristics of risk. Sample Usage: Using risk analysis, the community identified the potential consequences from flooding. Annotation: in practice, risk analysis is generally conducted to produce a risk assessment. Risk analysis can also involve aggregation of the results of risk assessments to produce a valuation of risks for the purpose of informing decisions. in addition, risk analysis can be done on proposed alternative risk management strategies to determine the likely impact of the strategies on the overall risk
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