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Analyse Risks

When analysing risks we need to consider:
Likelihood and chance
Likelihood and consequence
Consequence and impact
Low consequence rating means:
Moderate damage, manageable scale of loss
Negligible loss, consequences easily dealt with
Noticeable impact, minimal damage
A 'very likely' likelihood rating means:
Will probably occur
Is expected to occur in most circumstances
Is reasonable to consider it could occur
Strategies or processes that are put in place to help reduce the risk.
Priorities
Control measures
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