Estimating Risk

The Learning Space <- Introducing Risk Management <- Estimating Risk

Estimating Risk

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In this session, we explain how we can estimate the level of exposure that is attached to each risk, by exploring ways of estimating the probability and impact that a risk is likely to generate, then how to use an impact grid, to calculate the overall risk to our project.

The tutorial covers the following items:

  • The ‘Estimate Risk’ assessment process
  • Probability / Impact scales
  • A GDPR example of Impact scales
  • The Probability / Impact grid
  • RAID Register
  • Assessment criteria