Risk Register - Useful Terminology

Useful Terminology

In a "qualitative" risk register descriptive terms are used: for example a risk might have a "High" impact and a "Medium" probability.

In a "quantitative" risk register the descriptions are enumerated: for example a risk might have a "$1m" impact and a "50%" probability.

Contingent response - the actions to be taken should the risk event actually occur.

Contingency - the budget allocated to the contingent response

Trigger - an event that itself results in the risk event occurring (for example the risk event might be "flooding" and "heavy rainfall" the trigger)

Read more about this topic:  Risk Register

Other articles related to "terminology":

Emergency Management - National Organizations - New Zealand - Terminology
... New Zealand uses unique terminology for emergency management to the rest of the English-speaking world ...
Scientology Beliefs And Practices - Scriptures and Practices - Terminology
1952, Hubbard explained in the lecture "Precision Knowledge Necessity to know terminology and law” the need to have precise terminology that cannot be confused with other words or definitions ...
Terminology - Terminological Theories
... Terminological theories include general theory of terminology, socioterminology, communicative theory of terminology, sociocognitive terminology, and ...