Objective of risk description
Briefly describe the objective of risk description. Also explain what is the use of a well designed structure?
Expert
The main objective of risk description is to exhibit the identified risks in the structured format. The risk description table can be utilized to facilitate the explanation and assessment of the risks. The utilization of a well designed structure is essential to make sure comprehensive risk identification, explanation and assessment process. By considering the result and probability of each risk set out in the table, it must be possible to prioritize the key risks which require to be analyzed in more detail.
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