What is Risk estimation
What do you mean by the term Risk estimation? Illustrate it with suitable example?
Expert
Risk estimation can be semi-quantitative, quantitative or qualitative in terms of probability of the occurrence and possible outcome. For illustration, consequences both in terms of threats (or downside risks) and opportunities (or upside risks) might be high, medium or low. The Probability might be high, medium or low however needs various definitions in respect of opportunities and threats.
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