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Risk analysis

The process to comprehend the nature of risk and to determine the level of risk (ISO 2009) Risk analysis provides the basis for risk evaluation and decisions about risk treatment. Risk analysis includes risk estimation.

Glossary Source

ISO 73:2009
( International Standards Organisation - Risk management Vocabulary )
https://www.iso.org/obp/ui/#iso:std:iso:guide:73:ed-1:v1:en