Difference between revisions of "Risk Level"

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| '''1.''' Risk Level is the overall level of assessed risk to the [[Risk_Rating|risk rating]].  
 
| '''1.''' Risk Level is the overall level of assessed risk to the [[Risk_Rating|risk rating]].  
[[File:BCM Institute Risk Ratings and Levels.jpg|thumb|right|500px|'''Risk Rating and Risk Level''']]
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[[File:BCM Institute Risk Ratings and Levels.jpg|thumb|left|500px|'''Risk Rating and Risk Level''']]
 
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'''Related Terms''': [[Risk_Appetite|Risk Appetite]], [[Risk_Likelihood|Risk Likelihood]], [[Risk_Impact|Risk Impact]], [[Risk_Rating|Risk Rating]], [[Risk_Assessment|Risk Assessment]], [[Period_of_Disruption|Period of Disruption]]
 
'''Related Terms''': [[Risk_Appetite|Risk Appetite]], [[Risk_Likelihood|Risk Likelihood]], [[Risk_Impact|Risk Impact]], [[Risk_Rating|Risk Rating]], [[Risk_Assessment|Risk Assessment]], [[Period_of_Disruption|Period of Disruption]]

Revision as of 15:57, 29 October 2020

1. Risk Level is the overall level of assessed risk to the risk rating.
Risk Rating and Risk Level

Related Terms: Risk Appetite, Risk Likelihood, Risk Impact, Risk Rating, Risk Assessment, Period of Disruption



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)

(Source: Business Continuity Management Institute - BCM Institute)


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)

[ISO Guide 73:2009, definition 3.6.1.8]

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