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1- Risk Scores [Define how you will calculate the risk score. A common way is to multiply probability times impact (e.g., 4 x 5 =
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Risk Scores |
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[Define how you will calculate the risk score. A common way is to multiply probability times impact (e.g., 4 x 5 = 20).] |
2- Define the scales that you plan to use for probability and impact such as a scale of 1 to 5 or 1 to 10 and what each number represents, which minimizes bias in the risk ratings].
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