Strategic Management: Risk Analysis (Definitions)

 "The evaluation, classification, and prioritization of risks." (Sandy Shrum et al, "CMMI®: Guidelines for Process Integration and Product Improvement", 2003)

"The process of identifying, characterizing, and prioritizing risks." (Richard D Stutzke, "Estimating Software-Intensive Systems: Projects, Products, and Processes", 2005)

"The process of assessing identified risks to estimate their impact and probability of occurrence (likelihood)." (Tilo Linz et al, "Software Testing Practice: Test Management", 2007)

"The process of measuring and analyzing the risks associated with financial and investment decisions. Risk refers to the variability of expected returns (earnings or cash flows)." (Jae K Shim & Joel G Siegel, "Budgeting Basics and Beyond", 2008)

"A formal definition of risks based on asset identification, threat enumeration, and consequence evaluation." (Mark Rhodes-Ousley, "Information Security: The Complete Reference" 2nd Ed., 2013)

"Systematic use of available information to determine how often specified events may occur and the magnitude of their likely consequences." (Chartered Institute of Building, "Code of Practice for Project Management for Construction and Development" 5th Ed., 2014)

"The process to comprehend the nature of risk and to determine the level of risk [3]" (David Sutton, "Information Risk Management: A practitioner’s guide", 2014)

"This is the part where we combine the impact and the likelihood (or probability) to calculate the level of risk and to plot it onto a risk matrix, which allows us to compare risks for their severity and to decide which are in greatest need of treatment." (David Sutton, "Information Risk Management: A practitioner’s guide", 2014)

"Determining the nature and likelihood of the risks to key data" (Nell Dale & John Lewis, "Computer Science Illuminated" 6th Ed., 2015)

"A process undertaken to comprehend the nature of risk and to determine the level of risk." (William Stallings, "Effective Cybersecurity: A Guide to Using Best Practices and Standards", 2018)

"The process of assessing identified risks to estimate their impact and probability of occurrence (likelihood)." (IQBBA)

"The process to comprehend the nature of risk and to determine the level of risk" (ISO Guide 73:2009)