Phase 2 – Risk assessment
Correct risk assessment is important
Before risks are assessed, the responsible team must agree on the measurement scale that will be used. Within the subsequently defined framework, each identified risk factor should then be assessed according to goal deviation (also known as probability occurrence) and scope (also referred to as damage potential).
Have all significant risks been identified?
In an ideal situation, the first risk classification will be completed in a short period of time and with the same group of people. If this occurs, no variations can occur due to different people using different standards. Depending on the complexity of the issues, however, a review of the initial risk assessment is recommended.