FERM - Ch.15.5: Unquantifiable Risks


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Online Link to this Reading: N/A

Topics Covered in this Reading:

  • This short reading discusses how to deal with unquantifiable risks (such as operational or reputational risks)
  • Although we can’t easily quantify the size or likelihood of these risks, we can assess their relative importance to each other by plotting them on a frequency vs severity chart called a risk map

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FERM - Ch.15.5: Unquantifiable Risks