riskipõhiste

riskipõhiste is an Estonian term that translates to "risk-based" in English. It is a principle or methodology applied in various fields to prioritize actions, resources, and decision-making based on the assessment of potential risks. Instead of addressing all potential issues equally, a risk-based approach focuses on those that pose the greatest threat or have the highest likelihood of occurring and causing harm.

This methodology is widely adopted in fields such as finance, cybersecurity, project management, and regulatory compliance. In finance, for example, risk-based lending involves assessing the creditworthiness of a borrower to determine the level of risk involved and adjust interest rates accordingly. In cybersecurity, a risk-based approach helps organizations identify and protect their most critical assets by understanding potential threats and vulnerabilities.

The core of a risk-based approach involves identifying risks, analyzing their potential impact and likelihood, and then developing strategies to mitigate, transfer, avoid, or accept those risks. This allows for more efficient allocation of resources and a more strategic response to potential challenges. By focusing on what matters most, organizations and individuals can achieve better outcomes and enhance their overall resilience.