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Cheatography

Risk Glossary Cheat Sheet (DRAFT) by

A quick-reference guide to risk modelling concepts.

This is a draft cheat sheet. It is a work in progress and is not finished yet.

Uncert­ainty Factors

Likelihood
How likely the event is to occur at any time
Frequency
How often the event will occur in a set period
Proximity
How soon the event will occur
Velocity
How quickly the conseq­uences occur after the event
Aleatory
Dependency on random change
Epistemic
Dependency on inform­ation
Confidence
How certain we are about our estimates
Predic­tab­ility
How much future events correspond to known past events
Credib­ility
Whether the event could reasonably happen
Interd­epe­ndence
Whether other events will contribute unpred­ictably
Ambiguity
When we are uncertain about the meaning of an event
 

Impact Factors

Severity
The magnitude of the impact
Critic­ality
The importance of the impacted asset to a capability
Cascade
Subsequent effects
Irreve­rsi­bility
Whether the damage can be undone
Recove­rab­ility
How easily normal operations can be restored
Scope
How widespread the impact is
Fragil­ity­/An­tif­rag­ility
Whether the system worsens or improves under stress