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Risk & Risk Score
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Tims
Jan 26, 2012, 8:28:36 PM1/26/12
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Hi,
The formulas seem confusing to me:
Risk = Probability * Consequence = Frequency * Consequence
Risk Score = Frequency * Severity
What is the difference in quantitative terms? Could someone explain me
in simple terms.
Thanks
The formulas seem confusing to me:
Risk = Probability * Consequence = Frequency * Consequence
Risk Score = Frequency * Severity
What is the difference in quantitative terms? Could someone explain me
in simple terms.
Thanks
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