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Similar ideas to Risk terminology
A risk can be defined as an effect of uncertainty on the objective. It is a different outcome from what you expected and can address, create or result in opportunities and threats.
The perception of and reaction to risk is often dismissed as emotional. The first thing that happens is you're afraid, and from that fear, you feel risk. So the view of risk is becoming less cognitive while emotion becomes dominant.
Emotion is about what might hap...
The two main factors that impact the level of risk:
The consequence ‘scorecard’ evaluates the likelihood o...
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