Risk Analysis: Risk analysis is the process of identifying, assessing, and prioritizing potential risks that could impact an organizations operations, projects, or objectives. It involves evaluating the likelihood and severity of risks, as well as developing mitigation strategies to minimize their impact. Common risk analysis techniques include SWOT analysis, Failure Mode and Effects Analysis (FMEA), and Monte Carlo simulation. Effective risk analysis helps organizations make informed decisions and enhance their resilience.
Risk Analysis
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