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What is the factors that influence th degree of risk?

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Anonymous

∙ 8y ago
Updated: 10/16/2024

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Which two factors determine the risk level in th Risk Assessment Matrix?

The two factors that determine the risk level in the Risk Assessment Matrix are the likelihood of an event occurring and the potential impact or consequences of that event. The likelihood assesses how probable it is for a risk to materialize, while the impact evaluates the severity of the effects if the risk does occur. Together, these factors help prioritize risks and guide decision-making for risk management strategies.


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