Definition/Scope: The process of identifying security based on an analysis of threats to and vulnerabilities of systems, determining the magnitude of those risks, and incorporating measures needed to safeguard against them. (2) the identification and assessment of hazards; an identified hazard is assessed to determine the risk (both the probability of occurrence and the resulting severity) of a hazardous incident due to the presence of the hazard. (DoDD 3020.40) A systematic examination of risk using disciplined processes, methods, and tools. A risk assessment provides an environment for decision makers to evaluate and prioritize risks continuously and to recommend strategies to remediate or mitigate those risks.
Used For:risk analysis
Broader Terms:collateral damage
Narrower Terms:collateral damage estimate
Related Terms:Battle Update Assessment