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Risk Analysis RISK = LIKELIHOOD X CONSEQUENCE
Quantitative vs. Qualitative ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Quantitative Likelihood ,[object Object],[object Object],[object Object]
Qualitative Likelihood ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Consequence ,[object Object],[object Object],[object Object]
Direct Losses “those first order consequences which occur immediately after an event” ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Indirect Losses “may emerge much later, and may be much less easy to attribute directly to the event” ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Tangible Losses “those for which a dollar value can be assigned” ,[object Object],[object Object],[object Object],[object Object]
Intangible Losses “those that cannot be expressed in universally accepted financial terms” ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Gains ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Quantitative Consequence ,[object Object],[object Object],[object Object]
Qualitative Consequence ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Other Measures of Consequence ,[object Object],[object Object],[object Object],[object Object]
Trends ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
6 Changes in Human Activities ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
4 Steps of Risk Analysis ,[object Object],[object Object],[object Object],[object Object]

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Session 18 Power Point

  • 1. Risk Analysis RISK = LIKELIHOOD X CONSEQUENCE
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