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A basic principle most people don’t understand about risk | Norman Marks on Governance, Risk Management, and Audit
"Almost everybody makes a fundamental error when it comes to assessing a risk [...] They show the level of risk as a point: the likelihood of a potential impact or consequence. But 99% of the time this is wrong. 99% of the time, there is a range of potential consequences, each with its own likelihood."
risk_management  security  report  dopost  uncertainty 
9 days ago by niksilver

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