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Risk management and analysis: inside risk assessment - part 1 E-mail
All the elements of the risk management cycle are important but risk assessment is the headstone for all the other elements.
The problem of risk assessment is an extremely complex one. When a risk assessment process is started, this process has to analyze several aspects in parallel.
First, we can talk about the stake at risk and how important vulnerabilities are in the disaster scenarios taken into account, the result being a way to reduce the resulting risks.
Second, we must understand that the probability of an event depends on a series of external factors as well as on internal factors of the entity (business/process/project) for which the risk assessment is made. It is essential to know and control as many of these factors as possible.




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