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Risk Assessment is actually one of the more misunderstood categories and usually is addressed as part of Threat Assessment. Risk Assessment does overlap to some degree, but the real definition of Risk Assessment falls under a number of categories, but usually addresses operations of companies that includes, but is not limited to pursuing a project, client, operation, acquisition, disposition and so-on.

It is a matter of analyzing the pros and cons of a potential project or venture, and the amount of “exposure” or “risk” that the company has the potential of being exposed to.

However, Risk Assessment is blurring with Threat Assessment since the terms are commonly intermixed, and it is believed in the next few years that Risk Assessment will be a sub-section of Threat Assessment. Until that takes place, we will address Risk Assessment as a separate and independent operation.

Threat, Fraud and Risk Management – What does it Really Mean?

  Threat, Fraud and Risk Management – What does it Really Mean? I. Risk Management – The “definition” of Risk Management has been slowly, but steadily compromised over the past two decades. Most don’t even understand what it means and uses the phrase improperly to define other disciplines which have More >

What are “Accepted Losses”?

All organizations deal with acceptable losses in its many forms: loss of revenue, loss of personnel, loss of equipment, etc. A company can take a “look the other way” approach, which is the same thing as saying, “We want to maximize our acceptable losses.” Or it can define, confront and More >