risk analysis

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risk analysis

[′risk ə‚nal·ə·səs]
The scientific study of risk.
McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc.

risk assessment

A report that shows an organization's vulnerabilities and the estimated cost of recovery in the event of damage. It also summarizes defensive measures and associated costs based on the amount of risk the organization is willing to accept (the risk tolerance).

A "risk analysis" is the process of arriving at a risk assessment, also called a "threat and risk assessment." A "threat" is a harmful act such as the deployment of a virus or illegal network penetration. A "risk" is the expectation that a threat may succeed and the potential damage that can occur. See risk management and risk mitigation.
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References in periodicals archive ?
In Simulation 1, the absolute value of the difference between the regression risk analysis and the M H ARR across the 15 data sets averaged 0.00015 (range 0.000032-0.00036).
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Risk analysis is the process of determining how safe the object or process is.
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(A sample matrix for nursing facilities that can be tailored to individual facilities is available by e-mailing the author.) Documentation related to Security Rule analysis and actions is required to be maintained in a written record (which may be electronic) that includes the Risk Analysis (see below) and reports of actions, policies, and procedures.
Under Breakthrough, agents were required to perform a full risk analysis on all of their ICs (except those under the limited issue focused examination (LIFE) program) by Nov.
The risk analysis paradigm includes three elements--risk assessment, risk management, and risk communication--and allows regulatory officials to focus finite resources on those hazards that pose the greatest risk to public health.
Geotrac, a national provider of flood compliance services, recently enhanced its automated flood risk analysis system.
In addition to automatic, real-time correlation, Symantec Incident Manager also offers business impact analysis using a sophisticated risk analysis engine that determines the impact of each incident on a customer's business in terms of confidentiality, integrity and availability.

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