Risk Analysis

Risk Analysis - The evaluation, classification, and prioritization of risks.

[Category=Data Governance ]

Source: The Data Governance Institute, 23 December 2009 09:39:56, http://www.datagovernance.com/glossary-governance/

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Risk Analysis - Risk analysis has a primary purpose of answering two questions - 1. what can go wrong? and, 2. if something does go wrong, what is the probability of it happening & what are the consequences?

[Category=Quality ]

Source: The Quality Portal, 22 April 2011 08:21:42, http://thequalityportal.com/glossary/l.htm

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risk analysis - The application of statistical methods on one or more datasets to determine the likely risk of a project, action, or decision.

[Category=Big Data ]

Source: DataInformed, 09 November 2013 09:12:05, http://data-informed.com/glossary-of-big-data-terms/