Analysis of an information system that rates the likelihood of a security incident occurring and its cost is included in a(n)<u> Risk Assessment.</u>
A risk assessment is the result of the joint work of:
Hazard analysis is the process of discovering and assessing potential (future) occurrences that could harm people, property, or the environment.
It also involves making decisions "on the tolerability of the risk on the basis of a risk assessment" while taking influencing factors into account (i.e. risk assessment.
Simply put, a risk assessment evaluates potential accidents, their likelihood and effects, as well as the tolerances for such occurrences.
This technique can produce findings that are quantitatively or qualitatively expressed. In order to help mitigate any potential risk-related effects, risk assessment is a necessary component of a larger risk management plan.
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