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Your risk assessment in 3 levels

Posted by Jiaqi Sun on Jul 31, 2017 11:30:00 AM

 

In line with the ISO 31000 standards, a risk assessment methodology is part of the risk management process and uses a combination of:

  • identification
  • analysis, and
  • evaluation techniques.
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Topics: Risk management, risk methodologies, risk assessment

Risk assessment methodologies and techniques by category and industry

Posted by Jiaqi Sun on Jul 27, 2017 11:00:00 AM

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Under modern occupational risk management (ORM), the primary differences between risk assessment and risk measurement are:

  • the types of data used, and
  • the way parameters are derived.

 

Where sufficient hard data is available, risk measurement is often more reliable than risk assessment. However, developing a theoretically valid method of combining hard data and soft data is a very difficult process (OpRisk Advisory and Towers Perrin, 2010).

 

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Topics: risk methodologies, risk by industry, risk assessment

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