The effective communication between those who determine risks and those responsible for minimising and assessing the risks.

The description of effects that might occur under assumptions of the planand its impact on resources that support the plan.

The display on a graph of 2 variables where financial reward is plotted against financial risk. The type of risk is also indicated.

A document that discloses any potential risks.

The allocation of risk in proportion to all the parties of a contract. Also known as risk allocation.

The application of methods of engineering to the management of risks.

The amount in dollars that represents any probable loss from a possible risk.

1.An expression of duration, magnitude, intensity and raech of a potential risk in montary terms. 2. The probability that exposure to a substance wikll have an adverse effect on an organism.

A priority in risk management by the etsablishment of quantitative or qualitative relationships gthat exist between risks and benefits.

A single specific occurence that affects a plan or decision in a negative manner.

A characteristic that is measurable that can affect the value of assets.

The certain and known outcome of a transaction, investment or asset.

A security that is considere to be free from riskof any monetary loss.

1. Known with certainty. 2. The interest rate on a virtually free from risk investment.

A diagram showing the possibility of a profit or loss of any given investment.

The amount of risk a person from a firm or bank is allowed to expose his employer to.

A table used in analysising risks where the rows show risks and columns show probability of occurence.

An evaluationof the possibility and magnitude of a risk.

A reduction, systematic in nature, of exposure to risks and the possibility of its occurence. Called risk reduction.

An attitude of investors where any loss or gain is of equal chance.