Setting priorities (risk assessment)
- Not all risks are equally important
- We need to filter and prioritize them
- To find the worst threats and best opportunities
- When prioritizing risks, use various qualitative characteristics such as:
- How likely are they to happen?
- What they might do to our objectives?
- How easily can we influence them?
- When might they happen? etc.
- We can also analyze risk exposure
- By using quantitative methods, but that is more detailed