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What is the formula for risk?

Ethan Wilson | 2018-06-17 12:10:14 | page views:1273
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Ava Rodriguez

Studied at Harvard University, Lives in Cambridge, MA
The risk equation I use is quite simple: risk equals impact multiplied by probability weighed against the cost: Risk=Impact X Probability / Cost. Impact is the effect on the organization should a risk event occur. Probability is the likelihood the event could occur within a given timeframe.

Emma Johnson

QuesHub.com delivers expert answers and knowledge to you.
The risk equation I use is quite simple: risk equals impact multiplied by probability weighed against the cost: Risk=Impact X Probability / Cost. Impact is the effect on the organization should a risk event occur. Probability is the likelihood the event could occur within a given timeframe.
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