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Strategically, it is prudent to assess the risk involved in any operation. There are two dimensions involved in assessing a risky event. The probability of

Strategically, it is prudent to assess the risk involved in any operation. There are two dimensions involved in assessing a risky event. The probability of occurrence and the level of impact on the operation. Each are assessed in the same way, using scales of 1-5 indicating from Low to High.

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