SEVERITY
serevity
SEVERITY
SEVERITY
The worst credible outcome in Operational Risk Management (ORM) refers to the most severe negative consequence that could realistically occur from a potential risk event, taking into account the likelihood of its occurrence. This outcome serves as a critical benchmark for risk assessment, helping organizations prioritize risk mitigation strategies. By focusing on this worst-case scenario, organizations can develop robust contingency plans and allocate resources effectively to minimize potential impacts. Ultimately, understanding the worst credible outcome enables better decision-making and enhances overall resilience.
Credible is believable, based on information or fact.
Credible is believable, based on information or fact.
hemmoriods
Credible is believable, based on information or fact; not credible is not believable because it may be based on opinion, a biased source, and contain little actual information or fact.
"Credible" is defined as "Being believable, based on information, source or fact." - Something that is credible, is reliable, it's trustworthy.
2 possible outcomes to a situation, worst case being the absolute worst possible outcome, best case being that absolute best possible outcome.
You can work yourself up mentally thinking the worst about a situation. You can begin worrying about a situation that would have a bad outcome for you. You can then began to think the worst about the outcome and scare yourself with your own mindful thoughts.