Some of the more significant compromises arising from the use of the simple scoring type assessments included: Without an anchor to absolute risk estimates, the assessment results were useful only in a rather small analysis space. The results offered little information regarding risk-related costs or appropriate responses to certain risk levels. Results expressed in relative […]
Topic: Myths and Misconceptions
What if I don’t have enough data?
There are myths associated with performing a risk assessment and some use these as an excuse for not having a credible assessment. Let’s examine some of these myths beginning with how to use the data you have to ensure a meaningful risk assessment is made. Read the article | Read Part 2
Weightings are not needed and should not be used in a risk assessment
Read the article (pdf file)