Glossary
acceptable risk When you can live with the risk consequence.
anticipation stage The fourth stage of the Risk Management Map, which describes the shift from subjective to quantitative risk management through the use of measures to anticipate predictable risks.
Bayes theorem Determines the probability of event B given new evidence A by the following equation, which reads, “The probability of B given A equals the probability of A given B times the probability of B divided by the probability of A.”
benchmark A reference point or standard by which products, practices, or performance may be judged.
best practice A routine activity that enables ...
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