Tuesday, October 17, 2017
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4.6.2 Risk analysis

In the phase of risk analysis you score the potential hazards and their consequences so you will define the risks. Scoring can be quantitative or qualitative, but both are defined beforehand. The occurrence (also called likelihood or probability) and the severity play an important role in this phase. In some risk management processes the factor of detectability is included in the assessment.

Varying methods are available to help you rate the risks, which will be elaborated on in this chapter.

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