- Words: 1408
- Length: 4 Pages
- Topic: Business - Management
- Paper #: 34367093
Risk and vulnerability analysis
Risk can be defined as a prediction of future events and their outcomes and consequences. Initially, as these predictions are being made, there is no guarantee that these event will actually occur. At this point, it becomes vital to apply probabilities in order to determine the likelihood of the event occurring. Risk analysis, therefore, is a process of describing risks involved in any situation or organization.