Risk assessment – Real time assessment
Risk assessment is the overall process of risk identification, risk estimation and risk evaluation. Risk identification is the process of finding, recognizing and describing risks. This involves identifying sources of risk, areas of impacts, events (including changes in circumstances), their causes and their potential consequences. Risk identification can involve historical data, theoretical analysis, informed and expert opinions, and stakeholders’ needs. Risk estimation is the process of comprehending the nature of risk and determining the level of risk. This involves developing an understanding of the risk. Risk estimation provides the basis for risk evaluation and decisions on whether risks need to be treated, and on the most appropriate risk treatment strategies and methods. Risk evaluation is the process of comparing the results of risk estimation with risk criteria to determine whether the risk and/or its magnitude is acceptable or tolerable. Risk evaluation assists in the decision about risk treatment. Risk assessment in real-time based on underlying, computerized monitoring-infrastructure.
There are no artefacts specifically supporting real time risk assessment. To see those artefacts from the RASEN project that target risk assessment, select one of the Qualitative assessment or Quantitative assessment levels.
20 Nov 2015 / rasen_adm /
Categories: Real time assessment