risk(redirected from Cost of failure)
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a. Social welfare vulnerable to personal damage, to the extent that a welfare agency might take protective responsibility
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
A measure of the probability of an adverse effect on a population under a well-defined exposure scenario.
Illustrated Dictionary of Architecture Copyright © 2012, 2002, 1998 by The McGraw-Hill Companies, Inc. All rights reserved
The potential realization of undesirable consequences from hazards arising from a possible event.
McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc.
risk(1) See RISC.
(2) The expectation of loss. Risk is a function of the probability and consequences of harm. See risk assessment.
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