riskimääritys

Riskimääritys is a Finnish term that translates to risk assessment or risk quantification. It refers to the process of identifying, analyzing, and evaluating potential risks that could affect an organization, project, or activity. The goal of riskimääritys is to understand the likelihood and potential impact of various risks in order to make informed decisions about how to manage them.

This process typically involves several key steps. First, risks are identified through brainstorming, checklists, historical data analysis, and expert opinions. Once identified, the risks are analyzed to determine their probability of occurrence and their potential consequences. This analysis often involves both qualitative methods, such as assigning risk levels (e.g., low, medium, high), and quantitative methods, which assign numerical values to the likelihood and impact.

Following the analysis, risks are evaluated by comparing them against predefined risk criteria. This evaluation helps prioritize which risks require immediate attention and which can be accepted or managed with less urgency. The outcome of riskimääritys provides a foundation for developing risk mitigation strategies, contingency plans, and overall risk management frameworks. It is a crucial component of effective governance and strategic planning, enabling organizations to proactively address uncertainties and protect their objectives.