Week 26 (Day 5): Risk Assessment
Day 5: Evaluating Risk Impact and Likelihood
Week 26 Day 5 Action Plan
Today, we delve into evaluating the impact and likelihood of identified risks. This step is crucial for prioritizing your risk management efforts and resources.
Take Action: Assessing Risk Impact
Prioritize risks based on their potential impact on your business.
Assess the likelihood of each identified risk occurring.
Helpful Tip:
Focus your risk mitigation efforts on high-impact, high-likelihood risks.
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Which risks did you identify as having the highest degree of likelihood to occur?
