Likelihood
From USM Wiki
| Preferred Term | Likelihood |
|---|---|
| Definition | Probability of occurrence. |
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| Explanation | In Risk Management, the probability of occurrence of the potential effect of the risk contributes to the priority of that risk. By analogy with the prioritizing of reactive actions: the greater the likelihood of the potential effect (impact), the higher the priority. |
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| Modification Date | 2025-04-17 00:05:58 |
| Modification Note | |
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