The term you're referring to is "risk." In the context of probability and severity, risk quantifies the likelihood of an adverse outcome, such as injury or illness, occurring and assesses the potential impact of that outcome. It is commonly used in fields like finance, health, and safety to evaluate and manage potential threats.
HAZARD
This expression refers to the concept of risk, which encompasses the likelihood of an adverse event occurring (probability) and the potential impact or harm it may cause (severity). In fields like health, safety, and finance, understanding risk is crucial for making informed decisions and implementing effective mitigation strategies. By assessing both probability and severity, individuals and organizations can better prepare for and manage potential negative outcomes.
The term that most closely matches this description is "risk." Risk refers to the potential for an adverse outcome, such as injury or illness, and is typically assessed in terms of both the probability of occurrence and the severity of the consequences. It encompasses various factors that can contribute to the likelihood and impact of negative events.
Which term most closely matches the desription: Any real or potential condition that can cause injury, illness, or death to personnel; damage to or loss of equipment or property; degradation of mission capability or impact to mission accomplishment; or damage to the environment.
It's a risk.
Risk
What is an expression of possible loss, adverse outcome, or negative consequence in terms of probability and severity
Risk
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HAZARD
This expression refers to the concept of risk, which encompasses the likelihood of an adverse event occurring (probability) and the potential impact or harm it may cause (severity). In fields like health, safety, and finance, understanding risk is crucial for making informed decisions and implementing effective mitigation strategies. By assessing both probability and severity, individuals and organizations can better prepare for and manage potential negative outcomes.
The term that most closely matches this description is "risk." Risk refers to the potential for an adverse outcome, such as injury or illness, and is typically assessed in terms of both the probability of occurrence and the severity of the consequences. It encompasses various factors that can contribute to the likelihood and impact of negative events.
Which term most closely matches the desription: Any real or potential condition that can cause injury, illness, or death to personnel; damage to or loss of equipment or property; degradation of mission capability or impact to mission accomplishment; or damage to the environment.
It's a risk.
Which term most closely matches the desription: Any real or potential condition that can cause injury, illness, or death to personnel; damage to or loss of equipment or property; degradation of mission capability or impact to mission accomplishment; or damage to the environment.
The expression of possible loss or adverse outcomes, such as injury or illness, can be articulated through a risk assessment framework that considers both probability and severity. Probability refers to the likelihood of an event occurring, while severity denotes the potential impact or consequences of that event. This dual approach allows for a comprehensive evaluation of risks, enabling organizations to prioritize interventions and allocate resources effectively to mitigate potential harm. By quantifying both factors, stakeholders can make informed decisions about safety measures and risk management strategies.