risk analysis

Definitions (2)
Popular Terms
1. Corporate: As a component of risk management, it consists of (1) Identification of possible negative external and internal conditions, events, or situations, (2) Determination of cause-and-effect (causal) relationships between probable happenings, their magnitude, and likely outcomes, (3) Evaluation of various outcomes under different assumptions, and under different probabilities that each outcome will take place, (4) Application of qualitative and quantitative techniques to reduce uncertainty of the outcomes and associated costs, liabilities, or losses.
2. Food industry: According to FAO/WHO, it consists of risk assessment, risk management, and risk communication.

Use 'risk analysis' in a Sentence

While the new business plan seemed like a good idea, the firm hired a few statisticians to run a risk analysis, to see if the idea was indeed feasible or if we should go back to the drawing board.
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While the new business plan seemed like a good idea, the firm hired a few statisticians to run a risk analysis, to see if the idea was indeed feasible or if we should go back to the drawing board.
15 people found this helpful
The risk analysis conducted by the financial analyst was insightful and was presented to the CFO who changed the investment strategy accordingly.
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