Difference between revisions of "Risk Level"
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| − | | '''1.''' Risk Level is the overall level of assessed risk to the [[Risk_Rating|risk rating]]. | + | | '''1.''' [[Risk]] Level is the overall level of assessed risk to the [[Risk_Rating|risk rating]]. |
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| − | '''Related Terms''': [[Risk_Appetite|Risk Appetite]], [[Risk_Likelihood|Risk Likelihood]], [[Risk_Impact|Risk Impact]], [[Risk_Rating|Risk Rating]], [[Risk_Assessment|Risk Assessment]], [[Period_of_Disruption|Period of Disruption]] | + | '''Related Terms''': [[Risk]], [[Risk_Appetite|Risk Appetite]], [[Risk_Likelihood|Risk Likelihood]], [[Risk_Impact|Risk Impact]], [[Risk_Rating|Risk Rating]], [[Risk_Assessment|Risk Assessment]], [[Period_of_Disruption|Period of Disruption]] |
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| − | + | [[File:BCM Institute Risk Ratings and Levels.jpg|thumb|right|500px|'''Risk Rating and Risk Level''']] | |
'''2.''' Magnitude of a risk (2.1) or combination of risks, expressed in terms of the combination of consequences (2.18) and their likelihood (2.19) | '''2.''' Magnitude of a risk (2.1) or combination of risks, expressed in terms of the combination of consequences (2.18) and their likelihood (2.19) | ||
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[ISO Guide 73:2009, definition 3.6.1.8] | [ISO Guide 73:2009, definition 3.6.1.8] | ||
Latest revision as of 05:45, 10 September 2022
| 1. Risk Level is the overall level of assessed risk to the risk rating.
Related Terms: Risk, Risk Appetite, Risk Likelihood, Risk Impact, Risk Rating, Risk Assessment, Period of Disruption
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2. Magnitude of a risk (2.1) or combination of risks, expressed in terms of the combination of consequences (2.18) and their likelihood (2.19)
[ISO Guide 73:2009, definition 3.6.1.8]
(Source: ISO 31000:2009 – Risk Management — Principles and Guidelines) - clause 2.23
