Identify risk analysis is the systematic process

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is this a strong paragraph Risk analysis is the systematic process of identifying, evaluating, and prioritizing potential risks that could negatively impact an organization's operations and objectives. "The analysis can provide an important basis for finding the right balance between concern, such as safety and cost". Aven (2015) The analysis can be carried out at various phases in the lifetime of a system, and the process involves quantifying the probabilities and potential impacts of identified risks. There are different components that make up a risk analyst but there are also different types of risk analysis. Depending on the needs, would determine which analysis is needed.

Reference no: EM133572778

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