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Glossary Definition

Risk Prioritization


Risk Prioritization

After a risk analysis has been made, there will be clusters of risks varying in levels of criticality. Risk prioritization is a rational and common sense approach to decision making and analytics, applied to rank and order identified risk events from most to least critical on an appropriate scale.

The method of analysis and ranking should be tied to the business needs and context in terms of immediate and future impact. It should also aim to maximize available resources.

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