ExpertGlossary

• The likelihood that the risk (event) will occur. The probability that the event will occur is measured based on the following guidelines:

  High - Greater than or equal to 90 percent. Mitigation efforts must be vigorous and imaginative in order to reduce the probability of occurrence, commensurate with the severity of impact.

  Substantial - Greater than or equal to 75 percent but less than 90 percent. Mitigation efforts must be developed and pursued vigorously commensurate with possible impact.

  Medium - Greater than or equal to 50 percent but less than 75 percent. Mitigation efforts should be developed and pursued commensurate with possible impact.

  Low - Less than 50 percent. Indicates the risk is one that should be monitored, but appears to have been turned around and no action is needed.

  
  Bureau of Reclamation - Cite This Source - This Definition
• Browse Related Terms: Checked signature, Decomposition, Emergency action plan (EAP), Esthetics, Failure potential assessment, Risk, Uncertainty

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