Risk Management Basics: Risk Assessment
Course overview
A risk assessment allows you to objectively categorize and prioritize risks. It's a crucial component of your risk management strategy and involves analyzing each risk to determine the probability of that risk causing a loss. Then, you analyze the potential severity of that loss. Without this assessment, time and resources cannot be properly allocated to manage risks. So, how is a risk assessment accomplished? Here, we'll discuss the answer to that. We'll go over two risk assessment methods: risk register and risk matrix.
The individuals involved in the development and promotion of this course do not receive any compensation or financial benefits outside of their regular employment for their work on this course.
