The IT Law Wiki

Risk-based decision making

32,060pages on
this wiki
Add New Page
Add New Page Talk0

Definition Edit

Risk-based decision making is a

determination of a course of action predicated primarily on the assessment of risk and the expected impact of that course of action on that risk.[1]

Overview Edit

Risk-based decision making uses the assessment of risk as the primary decision driver, while risk-informed decision making may account for multiple sources of information not included in the assessment of risk as significant inputs to the decision process in addition to risk information. Risk-based decision making has often been used interchangeably, but incorrectly, with risk-informed decision making.[2]

References Edit

  1. DHS Risk Lexicon, at 33.
  2. Id.

Also on Fandom

Random Wiki