Risk Level

1. Risk Level is the overall level of assessed risk to the risk rating. BL-B-5 Click to know more Related Terms: Risk, Risk Appetite, Risk Likelihood, Risk Impact, Risk Rating, Risk Assessment, Period of Disruption BCM Institute's Professional Training and Certification BCMBoK Competency Level BCMBoK 2: Risk Analysis & Review CL 2B: Intermediate (BC) BCMBoK Competency Level BCMBoK 2: Risk Analysis & Review CL 2C: Intermediate (CM) BCMBoK Competency Level BCMBoK 2: Risk Analysis & Review CL 2D: Intermediate (DR) Click to know more about expert level training (Source: Business Continuity Management Institute - BCM Institute)

Risk Rating and Risk Level

2. Magnitude of a risk (2.1) or combination of risks, expressed in terms of the combination of consequences (2.18) and their likelihood (2.19)

A Manager’s Guide to ISO 22301 Standard for Business Continuity Management System

[ISO Guide 73:2009, definition 3.6.1.8]

(Source: ISO 31000:2009 – Risk Management — Principles and Guidelines) - clause 2.23