Master Risk Assessment: How to Assign Impact & Probability Ratings Effectively

Master Risk Assessment: How to Assign Impact & Probability Ratings Effectively

In this video, we dive into the essentials of Risk Assessment by breaking down how to effectively assign Impact and Probability ratings. These two key factors help determine the overall risk level and inform decision-making for mitigating potential risks in your projects or business operations.

What you'll learn:
The Impact rating: How to evaluate the severity of risks.
The Probability rating: How to estimate the likelihood of risks occurring.
How to combine these ratings to determine overall risk levels.
Practical examples and tips for applying these methods.
How to use a Risk Matrix to visualize and prioritize risks.
Whether you're managing a project, running a business, or simply looking to improve your risk management skills, this video will give you the tools to make smarter, more informed decisions.

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