risk analysis
Threat probability study
Risk analysis is the systematic evaluation of potential dangers, uncertainties, or negative outcomes associated with a decision, project, or situation.
It typically involves identifying what could go wrong, estimating the likelihood of each scenario, and assessing the potential impact: The risk analysis showed that expanding into new markets carried significant financial exposure.
Common in business, engineering, finance, and healthcare, risk analysis informs decisions about whether to proceed, what precautions to take, or how to allocate resources.
- contingency planningPreparing for possible problems
- project managementOverseeing work toward goals
- skin in the gamePersonal risk in outcome
- threat assessmentEvaluating potential for harm
- expected valueProbability-weighted outcome average
penetration testing · hazard assessment · decision tree · scenario · stress testing · disaster preparedness · safety net · appetite · portfolio · downside · worst case scenario · black swan event · likelihood · exposure · hedge your bets · impact · uncertainty · audit
- analysisevaluate, examine, assess, interpret, compare
- safetysafety helmet, hazard, airbag, alert, occupational safety
- applied mathlinear programming, differential equations, statistical methods, probability, statistics
- quantitative sciencesstatistics, mathematics, probability, calculus, algebra
- risk managementhedging, hedges, diversification, insurance, reinsurance
- defense analysisthreat assessment, damage assessment, defense policy, strategic planning, situation report
risk analysisguesswork
Conclusions drawn without proof
recklessness · flying blind · wishful thinking · willful ignorance · throwing caution to the wind
risk analysisdamage control
Limiting further harm
crisis management · firefighting · post-mortem analysis · hindsight · remediation
risk, risky, analysis, analyze, analyst, risked, risks, risking, analyzed